When graphing the demand curve:
A) quantity goes on the horizontal axis and price goes on the vertical axis.
B) quantity goes on the vertical axis and price goes on the horizontal axis.
C) both quantity and price go on the horizontal axis.
D) it doesn't matter which axis price and quantity are placed on.

Question

Quizplus · Accepted Answer

In standard economic graphs, the demand curve is plotted with quantity on the horizontal axis and price on the vertical axis. This convention allows for a clear representation of the law of demand, which states that, ceteris paribus, as the price of a good decreases, the quantity demanded increases, and vice versa.

When Graphing the Demand Curve