Use the following to answer question(s): Demand and Supply Curves

-(Exhibit: Demand and Supply Curves) The lowest price per unit that sellers would be willing to accept for 50 units is:

Question

Use the following to answer question(s): Demand and Supply Curves
 
-(Exhibit: Demand and Supply Curves) The lowest price per unit that sellers would be willing to accept for 50 units is:

Quizplus · Accepted Answer

The point where the supply curve intersects the y-axis (price) is the lowest price that sellers would be willing to accept, and at this point, the quantity supplied is zero. In this exhibit, the supply curve intersects the y-axis (price) at $10, which means that sellers would be willing to sell 50 units at a price of $10 per unit.

Use the Following to Answer Question(s): Demand and Supply Curves