When drawing a demand curve,
A)demand is measured along the vertical axis,and price is measured along the horizontal axis.
B)quantity demanded is measured along the vertical axis,and price is measured along the horizontal axis.
C)price is measured along the vertical axis,and demand is measured along the horizontal axis.
D)price is measured along the vertical axis,and quantity demanded is measured along the horizontal axis.

Question

Quizplus · Accepted Answer

Price is typically measured on the vertical axis and quantity demanded on the horizontal axis in order to create a downward sloping demand curve. This is because as the price of a good or service increases, demand for it typically decreases (and vice versa), and the vertical axis allows us to easily show these changes in price.

When Drawing a Demand Curve