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The Basics of Demand
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The Basics of Demand
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3. Supply and Demand / The Basics of Demand / Problem 5
Problem 5
Analyze the setup of a price-quantity graph and explain why alphabetical order is used to remember the layout.
A
Alphabetical order is irrelevant to the graph setup
B
Alphabetical order is used to remember that both axes are interchangeable
C
Alphabetical order helps remember that price is on the Y-axis and quantity is on the X-axis
D
Alphabetical order is used to remember that quantity is on the Y-axis and price is on the X-axis
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