Given a price of 7 and a quantity of 3, where would you plot this point on a graph with price on the vertical axis and quantity on the horizontal axis?

• A. At the intersection of 7 on the y-axis and 3 on the x-axis.
• B. At the intersection of 3 on both axes.
• C. At the intersection of 7 on both axes.
• D. At the intersection of 3 on the y-axis and 7 on the x-axis.

Answer: (A)