85
QuizMultiple Choice

Unit 2 Test

Question 85 • (OC27) Economics-2102310-Sem-Meadows

The vertical axis of a demand curve shows

Answer
A
the price of a product.
B
the supply of a product.
C
the interest in a product.
D
the production cost of a product.

Explanation

A standard demand curve places price on the vertical axis and quantity demanded on the horizontal axis. Therefore, the vertical axis shows the price of a product, making choice A correct.

AI-written and checked against the verified answer.

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