When a demand schedule is drawn as a graph,
A)price is measured on the vertical axis.
B)quantity is measured on the horizontal axis.
C)the resulting curve has a negative slope.
D)the other variables (besides price and quantity) are held constant.
E)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the statements are correct. When a demand schedule is drawn as a graph, price is measured on the vertical axis, quantity is measured on the horizontal axis, the resulting curve has a negative slope, and the other variables (besides price and quantity) are held constant.

When a Demand Schedule Is Drawn as a Graph