On the vertical axis of a demand curve graph, the variable measured is the
A) consumer's income
B) quantity demanded of the good
C) price of the good

Question

Quizplus · Accepted Answer

The vertical axis of a demand curve graph measures the price of the good. This is because demand curves show the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

On the Vertical Axis of a Demand Curve Graph, the Variable