How Should You Plot a Supply Curve on a Coordinate

question 167

Multiple Choice

How should you plot a supply curve on a coordinate system diagram?

• 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:

Majority Shareholders

Individuals or entities that own more than half of a company's shares, thus holding significant influence or control.

Quorum

The minimum number of members needed to be present at a meeting to make the proceedings of that meeting valid.

Substantial Portion

Refers to a significant part or quantity of something, usually in comparison to the whole.

Corporate Assets

Resources owned by a corporation that have economic value and can be used to meet debts, commitments, or investments.