When plotting a demand curve
A)quantity demanded is on the vertical axis.
B)price is on the horizontal axis.
C)price is on the vertical axis.
D)quantity supplied is on the vertical axis.

Question

Quizplus · Accepted Answer

In a standard demand curve, price is plotted on the vertical axis and quantity demanded is plotted on the horizontal axis. This convention helps in understanding the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.

When Plotting a Demand Curve