Question

which point on the graph indicates the lowest quantity supplied of goods?
graph: supply curve with points a, b, c, d. y-axis: price per pound (2.00 to 9.00), x-axis: quantity in pounds (1,000 to 7,000). a near (2,500, 3.00), b near (3,500, 4.50), c near (5,000, 6.00), d near (6,000, 7.50)

Explanation:

Step1: Analyze the x - axis

The x - axis represents the quantity of goods supplied (in pounds). We need to find the point with the smallest x - value (quantity).

Step2: Compare the x - values of each point

• Point A: The x - value (quantity) is around 2500 pounds (between 2000 and 3000).
• Point B: The x - value is around 3500 pounds (between 3000 and 4000).
• Point C: The x - value is around 5000 pounds.
• Point D: The x - value is around 6000 pounds.

Among these, point A has the smallest x - value (quantity), so it indicates the lowest quantity supplied.

Answer:

A