The Horizontal Axis of a Graph That Shows a Market

question 74

Multiple Choice

The horizontal axis of a graph that shows a market demand curve indicates the

• A) different prices at which various levels of output can be sold.
• B) number of consumers who are in the market for this product.
• C) various quantities of output at which the market will be cleared.
• D) quantities which consumers will be willing and able to buy at various prices.

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Definitions:

Draft

A preliminary version of a document or plan that is subject to review and revision before being finalized.

Ordered

A directive issued by a court or other authority mandating or forbidding some action.

Allonge

Accompanying a negotiable instrument, a piece of paper that provides room for an endorsement if no room is available on the instrument itself.

Instrument

A legal document that formalizes an agreement or right, such as a contract, will, or financial instrument.