In the concept of supply and demand, is the price of the commodity the independent variable? If the quantity supplied and quantity demanded depend on the price, why is the price plotted on the vertical axis (y-axis)? Why isn't the mathematical convention of plotting the dependent variable on the vertical axis and the independent variable on the horizontal axis not followed in economics when it has a lot of mathematical rigour?
Some sources say that it is because Alfred Marshall, in his "Principles of Economics" plotted the curves with the price on the y-axis and therefore, we continue to follow his convention today. Why don't economists revise the demand and supply curves to make them more comprehensive? Wasn't Charles Darwin and Alfred Russel Wallace's theory of evolution by means of natural selection synthesized with Gregor Mendel's laws of Mendelian genetics into Neo-Darwinism (also known as the Modern Synthesis)?
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