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Which point on the graph indicates the lowest quantity supplied of goods?

User Perrako
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2 Answers

6 votes

Answer: point A

Explanation: got the answer right

User Nathan Rutman
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8 votes

Graph to the question is attached below.

Answer:

Point A

Step-by-step explanation:

Given the graph to the question, the indicated supply curve has a positive gradient. Thus the quantity of goods supplied increases as the price of goods rises.

At the point marked A, the quantity of goods supplied is approximately 2500 pounds

At the point marked A, the quantity of goods supplied is approximately 3800 pounds

At the point marked A, the quantity of goods supplied is approximately 5000 pounds

At the point marked A, the quantity of goods supplied is approximately 6500 pounds

Hence, comparing the the quantity of goods at the different marked points on the graph, we can conclude that point A has the lowest quantity of goods at about 2500 pounds

Which point on the graph indicates the lowest quantity supplied of goods?-example-1
User TactMayers
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4.1k points