Most economic graphs have two lines perpendicular to each other.The vertical line is called the
A) origin.
B) y-axis.
C) x-axis.
D) variable.
E) time axis.

Question

Quizplus · Accepted Answer

In most economic graphs, the vertical line is called the y-axis while the horizontal line is called the x-axis. These two lines intersect at the origin, which is usually located at the bottom left-hand corner of the graph. The y-axis represents the dependent variable, while the x-axis represents the independent variable. This allows us to plot data points and observe the relationship between the two variables.

Most Economic Graphs Have Two Lines Perpendicular to Each Other