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The diagram to the right illustrates a very important relationship in economics between two variables: the price of a good and the quantity demanded of
The diagram to the right illustrates a very important relationship in economics between two variables: the price of a good and the quantity demanded of that good.
The two variables in this diagram are:
Part
A
pricebushels per week on the vertical axis and quantitydollars per bushel on the horizontal axis.
B
pricedollars per bushel on the horizontal axis and quantitybushels per week on the vertical axis.
C
pricedollars per bushel on the vertical axis and quantitybushels per week on the horizontal axis.
D
none of the above.
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