Which of the Following Is a Difference Between the Supply

question 128

Multiple Choice

Which of the following is a difference between the supply curve and the demand curve?

• A) The supply curve maps price on the y-axis, whereas the demand curve maps quantity on the y-axis.
• B) Unlike the demand curve, the supply curve for most goods and services slopes downward as it moves to the right.
• C) The supply curve maps quantity on the x-axis, whereas the demand curve maps price on the x-axis.
• D) Unlike the supply curve, the demand curve for most goods and services slopes downward as it moves to the right.

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Definitions:

Right Angles

Angles that measure exactly 90 degrees.

Indifference Curves

Graphical representations used in microeconomics to show combinations of two goods that provide equal satisfaction and utility to a consumer.

Nickels

Coins in the United States and Canada valued at five cents, made of a cupronickel alloy.

Dimes

A coin representing ten cents in the United States currency.