What Is the Correct Way to Label the Axis on a Graph

question 86

Multiple Choice

What is the correct way to label the axis on a graph which illustrates a demand curve?

• A)Income on the horizontal axis and price on the vertical axis.
• B)Price on the horizontal axis and income on the vertical axis.
• C)Quantity on horizontal axis and price on the vertical axis.
• D)Price on horizontal axis and quantity on the vertical axis.

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Definitions:

Inference Forms

Patterns of reasoning that determine the validity of an argument by analyzing its structure.

HS

A logical argument pattern of hypothetical syllogism, involving two conditional statements leading to a conclusion.

MP

Stands for "Member of Parliament," but in a logical context, it refers to a deductive pattern of reasoning where a specific conclusion is inferred from a general rule and a specific case.

Conj

An abbreviation for "Conjunction," a logical operator that connects two conditions or propositions where both must be true.