On a Supply and Demand Diagram

question 6

Multiple Choice

On a supply and demand diagram

• A)the horizontal axis is labeled price and the vertical axis is labeled quantity per unit time.
• B)the horizontal axis is labeled quantity per unit time and the vertical axis is labeled price.
• C)the horizontal axis is labeled supply and the vertical axis is labeled demand.
• D)the horizontal axis is labeled demand and the vertical axis is labeled supply.

---

Definitions:

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.

Salesperson

A salesperson is an individual who performs sales, engaging in the selling of goods or services to customers.

Probability Distribution

A mathematical tool used to figure out how likely different potential results are in an experiment.

Goals Per Game

A statistical measure used in sports to indicate the average number of goals scored by a team or player per game, often used to gauge offensive strength.