Placing price on the vertical axis of supply and demand graphs is a historical convention.
Placing price on the vertical axis of supply and demand graphs is indeed a long-standing historical convention rather than a mathematical requirement.
Judged against reference works: claims of this kind are settled by the historical reference record, not journal abstracts.
Wikipedia: Supply and demand. Wikipedia. https://en.wikipedia.org/wiki/Supply_and_demand
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papers.ssrn.com: The Application of Price on Y-Axis and Volume on X-Axis in Demand and .... papers.ssrn.com. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1511962
Focuses on the application of price on the Y-axis and volume on the X-axis in economic analyses.
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