In Constructing the Demand Graph to Show How the Price

question 283

Multiple Choice

In constructing the demand graph to show how the price of a good price affects how much of it the buyers will buy, the convention that economists follow is to measure price on the

• A)horizontal axis because it is the independent variable.
• B)vertical axis because it is the dependent variable.
• C)vertical axis even though it is the independent variable.
• D)horizontal axis even though it is the dependent variable.