Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be S1/S2 . Moreover, you know that at a price of $10 per CD, the supply schedule/supply curve/quantity supplied is five million CDs.

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19-12-2022
Business

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Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be S1/S2 . Moreover, you know that at a price of $10 per CD, the supply schedule/supply curve/quantity supplied is five million CDs.

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v798314 v798314 · Answer 1 · 2022-12-23T03:44:30-05:00

Because one understands the law of supply, they can deduce that the correct graphical representation of the supply for CDs must be S1. Moreover, they know that at a price of $10 per CD, the quantity supplied is five million CDs. Hence, Option A for blank one and Option C for blank two is correct.

Analysing numerical data can be done via graphical representation. It uses a graphic to show the relationship between the data, ideas, information, and concepts. One of the most crucial learning strategies, it is also simple to understand.

The kind of information in a certain area is always a factor. Data can be represented graphically in a variety of ways, including graphs, diagrams, charts, and plots.

Through many graph forms, it aids in sorting, displaying, and presenting data in a comprehensible manner. To display data, statistics primarily employs graphical representation.

Therefore, Option A for blank one and Option C for blank two is correct.

Learn more about graphical representation from here:

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