Author Question: When a demand schedule is drawn in a graph: a. price is measured on the vertical axis. b. quantity ... (Read 113 times)

Mimi

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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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Answer to Question 1

d

Answer to Question 2

b



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