Does price have to be on the y-axis?

The normal convention is to put the independent variable on the X axis and the dependent variable on the Y axis. This convention calls for price to be plotted on the horizontal axis and quantity on the vertical axis.

What does the y-axis represent in economics?

This is the standard convention for graphs. In economics, we commonly use graphs with price (p) represented on the y-axis, and quantity (q) represented on the x-axis. The point where two lines on a graph cross is called an intersection point. The other important term to know is slope.

Why does the y-axis represent?

Y-axis (noun, “Why AXE-iss”) It can be located to the right or left, or even in the middle. Scientists label the y-axis with whatever they are measuring. Perhaps it is time, or a population, or grams of a substance. The y-axis and its horizontal partner, the x-axis, tell us what data presented in the graph represents.

Is the y-axis the dependent variable?

The independent variable belongs on the x-axis (horizontal line) of the graph and the dependent variable belongs on the y-axis (vertical line).

What does the y value represent on a graph?

The y value of a point where a vertical line intersects a graph represents an output for that input x value.

Which variable always goes on the y-axis?

dependent variable
The Axes. The independent variable belongs on the x-axis (horizontal line) of the graph and the dependent variable belongs on the y-axis (vertical line).

Why is the y-axis the dependent variable?

In graphing jargon, the independent variable is plotted on the x-axis and the dependent variable is plotted on the y-axis. In any data set, the dependent or Y-variable is the one whose value depends on or is affected by the value of the independent variable. It is the one measured or reported by the researchers.

What does the Y variable represent?

Dependent variables A dependent variable represents a quantity whose value depends on how the independent variable is manipulated. y is often the variable used to represent the dependent variable in an equation.