Suppose That We Illustrate Demand and Supply with Quantity on the Horizontal

Multiple Choice

Suppose that we illustrate demand and supply with quantity on the horizontal axis and price on the vertical axis. Which of the following statements is false?

A) Changes in exogenous variables are represented by shifts in the demand and/or supply curves.
B) Changes in endogenous variables are represented by movements along the supply and/or demand curves.
C) Price and quantity are the exogenous variables in this representation.
D) The equilibrium is represented as the intersection of supply and demand curves.