-On a traditional supply and demand diagram,
A)price is measured along the horizontal axis and quantity along the vertical axis.
B)price is measured along the vertical axis and quantity along the horizontal axis.
C)quantity demanded is measured along the horizontal axis, quantity supplied is measured along the vertical axis, and price is indicated on the contour lines.
D)quantity is measured along both axes and price is indicated on the contour lines.

Question

-On a traditional supply and demand diagram,
A)price is measured along the horizontal axis and quantity along the vertical axis. 
B)price is measured along the vertical axis and quantity along the horizontal axis. 
C)quantity demanded is measured along the horizontal axis, quantity supplied is measured along the vertical axis, and price is indicated on the contour lines. 
D)quantity is measured along both axes and price is indicated on the contour lines.

Quizplus · Accepted Answer

In a traditional supply and demand diagram, price is typically measured along the vertical axis and quantity along the horizontal axis. This setup allows for easy visualization of how changes in price affect the quantity demanded and supplied.

-On a Traditional Supply and Demand Diagram