Answer to Question #1531 in Microeconomics for Ahmad

Question #1531
Hi,
In graphing supply and demand, why do we place Price on the vertical axis and Quantity on the horizontal, and not vice versa? In other words, why do we graph the inverse demand function as opposed to the demand function?

Ahmad
0
Expert's answer

Answer in progress...

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS