given-the-following-data-for-supplier-b-price-3-quantity-2-price-5-quantity-5-pr

Question

Given the following data for Supplier B: Price $$3 - Quantity 2, Price 5 - $$Quantity 5, Price $7 - Quantity 8, which graph correctly represents Supplier B's supply curve?

Accepted Answer

A graph with a positively sloped line passing through points (3,2), (5,5), and (7,8).

Answer

A graph with a horizontal line at quantity 5.

Answer

A graph with a vertical line at price $5.

Answer

A graph with a negatively sloped line passing through points (3,2), (5,5), and (7,8).

Given the following data for Supplier B: Price \$3 - Quantity 2, Price \$5 - Quantity 5, Price \$7 - Quantity 8, which graph correctly represents Supplier B's supply curve?