Figure 17-3. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes. MS, MS, 0.5 0.33 MD 10,000 15,000 15.Refer to Figure 17-3. What quantity is measured along the vertical axis? a. the price level b. the velocity of money C. the value of money d. the quantity of money 16.Refer to Figure 17-3. If the relevant money-supply curve is the one labeled MS,, then a. when the money market is in equilibrium, one dollar purchases about one-third of a basket of goods and services. b. when the money market is in equilibrium, one unit of goods and services sells for 33 cents. C . there is an excess demand for money if the value of money in terms of goods and services is 0.5. d. All of the above are correct