On the Supply Curve

question 51

Multiple Choice

On the supply 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:

Premises

Premises are statements or propositions that provide the basis for a conclusion in logical reasoning or argumentation.

Indicator Words

Words or phrases that signal the premises or conclusions within an argument, aiding in the identification of logical structure.

Premises

Statements or propositions that are presented as the basis or foundation for a conclusion in logical arguments.

Conclusions

The final part of something, such as an argument or a research paper, summarizing the outcomes or the end results.