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Author Question: When a demand schedule is drawn in a graph: a. price is measured on the vertical axis. b. quantity ... (Read 114 times)

Mimi

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on: Jun 30, 2018
When a demand schedule is drawn in a graph:
 a. price is measured on the vertical axis.
 b. quantity is measured on the horizontal axis.
  c. other variables are held constant.
 d. all of the above are correct.

Question 2

If exports and imports both fell, but exports fell less than imports,
 a. AD would decrease.
 b. AD would increase.
 c. AD would be unaffected.
 d. AD could either increase or decrease.


joewallace

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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