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-On a Traditional Supply and Demand Diagram

Question 213

Multiple Choice

  -On a traditional supply and demand diagram, A) price is measured along the horizontal axis and quantity along the vertical axis. B) price is measured along the vertical axis and quantity along the horizontal axis. C) quantity demanded is measured along the horizontal axis, quantity supplied is measured along the vertical axis, and price is indicated on the contour lines. D) quantity is measured along both axes and price is indicated on the contour lines.
-On a traditional supply and demand diagram,


A) price is measured along the horizontal axis and quantity along the vertical axis.
B) price is measured along the vertical axis and quantity along the horizontal axis.
C) quantity demanded is measured along the horizontal axis, quantity supplied is measured along the vertical axis, and price is indicated on the contour lines.
D) quantity is measured along both axes and price is indicated on the contour lines.

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