On a traditional supply and demand diagram,
a. price is measured along the horizontal axis and quantity along the vertical axis.
b. price is measured along the vertical axis and quantity along the horizontal axis.
c. quantity demanded is measured along the horizontal axis, quantity supplied is measured along the vertical axis, and price is indicated on the contour lines.
d. quantity is measured along both axes and price is indicated on the contour lines.
b
You might also like to view...
At each value of the domestic interest rate, decreases in the riskiness of domestic assets ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. increase; decrease; increase B. increase; increase; decrease C. increase; increase; increase D. decrease; decrease; decrease
When national output rises, the economy is said to be in
A) an expansion. B) a deflation. C) an inflation. D) a recession.
If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry, then the increase can be blamed on: a. seasonal unemployment. b. cyclical unemployment
c. structural unemployment. d. frictional unemployment. e. underemployment.
Pollution is a form of market failure called a negative externality
a. True b. False