why-is-it-important-to-follow-the-convention-of-labeling-price-on-the-vertical-a

Question

Why is it important to follow the convention of labeling price on the vertical axis and quantity on the horizontal axis in economics?

Accepted Answer

It helps maintain consistency and avoid confusion when interpreting graphs.

Answer

It makes the graph look more aesthetically pleasing.

Answer

It is a requirement by law.

Answer

It allows for more data points to be plotted.