Solved

In Constructing the Demand Graph to Show How the Price

Question 380

Multiple Choice

In constructing the demand graph to show how the price of a good price affects how much of it the buyers will buy, the convention that economists follow is to measure price on the


A) horizontal axis because it is the independent variable.
B) vertical axis because it is the dependent variable.
C) vertical axis even though it is the independent variable.
D) horizontal axis even though it is the dependent variable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents