What Is on the Vertical Axis of a Demand Graph

question 179

Multiple Choice

What is on the vertical axis of a demand graph?

• A) income
• B) quantity
• C) cost of production
• D) price

Learn the types of shift instructions and their applications.

Understand the difference between macroeconomics and microeconomics, and their respective areas of study.

Distinguish between positive and normative statements in economics.

Recognize the impact of government policies and regulations on the economy.

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