By drawing a demand curve with on the vertical axis and on the horizontal axis, economists assume that the most important determinant of the demand for a good is the of the good.

The labeling of demand curve shows the independent variable on the y axis and the dependent variable on the X axis. The price of the commodity is always on the Y axis (i.e. vertical axis) which represents the independent variable. While the quantity demanded is on the X (i.e. horizontal axis), this represents the dependent variable.

The labeling of demand curve shows that among all the factors affecting demand for goods, the price of the commodity is the most important determinant of demand .

By drawing a demand curve with ________ on the vertical axis and ________ on the horizontal axis, economists assume that the most important determinant of the demand for a good is the ________ of the good.

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By drawing a demand curve with on the vertical axis and on the horizontal axis, economists assume that the most important determinant of the demand for a good is the of the good.