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
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.