48,321 views
24 votes
24 votes
Select the correct point on the graph. Which point on the graph indicates the lowest quantity supplied of goods? ​

Select the correct point on the graph. Which point on the graph indicates the lowest-example-1
User Pavel F
by
3.1k points

1 Answer

15 votes
15 votes

Answer:

Point A

Step-by-step explanation:

The supply curve given above shows the correlation between the cost of goods (on the vertical axis) and quantity of goods supplied (on the horizontal axis).

From the graph, we can see that as the price of the goods increases, the quantity that is supplied in pounds also increases, and vice versa.

The lowest price correlates with the lowest quantity supplied. Therefore, at point A on the graph, we have the lowest quantity supplied of goods.

User Oussema Aroua
by
2.9k points