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2.4.3 Draw the interaction of demand and supply

Card 1 of 20

Which variable goes on the vertical axis of a demand and supply diagram?

A

Price.

B

Quantity demanded equals quantity supplied.

C

The equilibrium quantity is labelled Qe.

D

Pe on the price axis and Qe on the quantity axis.

Card 1 of 20

2.4.3 Draw the interaction of demand and supply Flashcards

  1. GCSE
  2. /Economics
  3. /2.4.3 Draw the interaction of demand and supply

20 flashcards on OCR GCSE Economics 2.4.3 Draw the interaction of demand and supply: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

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