The horizontal axis of a graph that shows a market demand curve indicates the
A) different prices at which various levels of output can be sold.
B) number of consumers who are in the market for this product.
C) various quantities of output at which the market will be cleared.
D) quantities which consumers will be willing and able to buy at various prices.

Question

Quizplus · Accepted Answer

The horizontal axis of a market demand curve represents the quantity of a product that consumers are willing and able to buy at different prices. Therefore, the correct answer is D, which states "quantities which consumers will be willing and able to buy at various prices."

The Horizontal Axis of a Graph That Shows a Market