TAILIEUCHUNG - Economic Indicators FEBRUARY 2006: Prepared for the Joint Economic Committee by the Council of Economic Advisers

Individual demand gives the quantity purchased for each price. Analogously, the market demand gives the quantity purchased by all the market participants – the sum of the individual demands – for each price. This is sometimes called a “horizontal sum” because the summation is over the quantities for each price. An example is illustrated in Figure 2-7. For a given price p, the quantity q1 demanded by one consumer, and the quantity q2 demanded by a second consumer are illustrated. The sum of these quantities represents the market demand, if the market has. | 109th Congress 2nd Session Economic Indicators FEBRUARY 2006 Includes data available as of March 7 2006 Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON 2006 JOINT ECONOMIC COMMITTEE Created pursuant to Sec. 5 a of Public Law 304 79th Cong. JIM SAXTON New Jersey Chairman ROBERT F. BENNETT Utah Vice Chairman House of Representatives PAUL RYAN Wisconsin PHIL ENGLISH Pennsylvania RON PAUL Texas KEVIN BRADY Texas THADDEUS G. McCotter Michigan CAROLYN B. MALONEY New York MAURICE D. HINCHEY New York LORETTA SANCHEZ California ELIJAH E. CUMMINGS Maryland Senate SAM BROWNBACK Kansas JOHN E. SUNUNU New Hampshire JIM DeMINT South Carolina JEFF SESSIONS Alabama John CORNYN Texas Jack reed Rhode Island EDWARD M. KENNEDY Massachusetts PAUL S. SARBANES Maryland JEFF BINGAMAN New Mexico Christopher frenze Executive Director COUNCIL OF ECONOMIC ADVISERS EDWARD P. LAZEAR Chairman KATHERINE BAICKER Member MATTHEW J. slaughter Member Public Law 120 81st Congress Chapter 237 1st Session JOINT RESOLUTION . Res. 55 To print the monthly publication entitled Economic Indicators Resolved by the Senate and House of Representatives of the United States of America in Congress assembled That the Joint Economic Committee be authorized to issue a monthly publication entitled Economic Indicators and that a sufficient quantity be printed to furnish one copy to each Member of Congress the Secretary and the Sergeant at Arms of the Senate the Clerk Sergeant at Arms and Doorkeeper of the House of Representatives two copies to the libraries of the Senate and House and the Congressional Library seven hundred copies to the Joint Economic Committee and the required numbers of copies to the Superintendent of Documents for distribution to depository libraries and that the Superintendent of Documents be authorized to have copies printed for sale to the public. Approved June 23 1949. Charts prepared under the direction of the

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