In constructing the demand graph to show how the price of a good price affects how much of it the buyers will buy, the convention that economists follow is to measure price on the b. C. d. horizontal axis even though it is the dependent variable. horizontal axis because it is the independent variable. vertical axis even though it is the independent variable. vertical axis because it is the dependent variable.

In constructing the demand graph to show how the price of a good price affects how much of it the buyers will buy, the convention that economists follow is to measure price on the b. C. d. horizontal axis even though it is the dependent variable. horizontal axis because it is the independent variable. vertical axis even though it is the independent variable. vertical axis because it is the dependent variable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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