In the graph of market demand function, the different companies marketing expenditures are shown on the ___________?
Correct answer: A. horizontal axis
- A. horizontal axis
- B. vertical axis
- C. market equilibrium point
- D. Company's equilibrium point
Explanation
In a market demand function, industry marketing expenditure is placed on the horizontal axis, while the resulting market demand is shown on the vertical axis. This allows demand to be observed as total marketing effort changes.
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