When Graphing the Demand Curve

question 132

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:

Civil War-Era

A period surrounding the American Civil War (1861–1865), characterized by significant political, social, and military upheavals in the United States.

Paper Money

Currency in the form of banknotes, which has no intrinsic value but is used as a medium of exchange, authorized and supported by a government.

King Cotton Diplomacy

An attempt during the Civil War by the South to encourage British intervention by banning cotton exports.

Great Britain

A sovereign nation located off the northwestern coast of mainland Europe, comprising England, Scotland, and Wales.