6
QuizMultiple Choice

The Law of Supply and Demand — Quiz

Question 6 • Personal Finance and Economics

The vertical axis of a demand curve shows

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

AI-written and checked against the verified answer.

Previous
Next