1
lesson pretestMultiple Choice

Pretest

Question 1 • Economics

The vertical axis of a demand curve shows

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

Explanation

A demand curve plots the price of a product on the vertical axis and the quantity demanded on the horizontal axis. Therefore, the vertical axis shows the price of a product.

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