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son4ous [18]
1 year ago
13

Drawing a vertical line from the profit-maximizing output on horizontal axis to the demand curve represents the:_______

Business
1 answer:
kolbaska11 [484]1 year ago
4 0

Drawing a vertical line from the profit-maximizing output on the horizontal axis to the demand curve represents the:<u> price</u>.

A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis.

The demand curve descends from left to right. This represents the law of demand. If the price of a particular commodity increase, the quantity demanded will decrease, all other things being equal.

Note that this phrasing implies that price is the independent variable and quantity is the dependent variable. In most fields, the independent variable appears on the horizontal or x-axis, but economics is an exception to this rule.

Learn more about the Demand curve here : brainly.com/question/1139186

#SPJ4

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Answer:

True

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5 0
3 years ago
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