When Graphing the Demand Curve

question 40

Multiple Choice

When graphing the demand curve:

• A) quantity goes on the horizontal axis and price goes on the vertical axis.
• B) quantity goes on the vertical axis and price goes on the horizontal axis.
• C) both quantity and price go on the horizontal axis.
• D) it doesn't matter which axis price and quantity are placed on.

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Definitions:

Social Movement

An organized collective effort by a large group of people to bring about or resist social change.

Political Parties

Organized groups of people with similar political aims and opinions, that seek to influence public policy by getting their candidates elected to public office.

Ruling Class

A ruling class is a self-conscious, cohesive group of people in elite positions. They act to advance their common interests and are led by corporate executives.

Big Business

Large-scale enterprises or corporations that have substantial influence and power in their industries, the economy, and sometimes politics.