When a demand schedule is drawn in a graph:
a. price is measured on the vertical axis
b. quantity is measured on the horizontal axis.
c. other variables are held constant.
d. all of the above are correct.
d
Economics
You might also like to view...
When the interest rate is R, the formula for finding the future value of $M two years from now is
A) M (1 + R)2. B) M (1 + R2). C) M / (1 + R)2. D) M / (1 + R2).
Economics
Some people worry that the fast food restaurant industry will have a harder time attracting teenage workers in the years to come because baby boomers had fewer children than earlier generations. a . Explain how fewer teenagers might lead to higher hamburger prices b. Explain how retirees, who need more supplemental income, might change your answer to part a
Economics