D. It is on the y-axis
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Consider the pair of coordinates (x, y).
The first value, x, represents the horizontal position on the x-axis, and the second value, y, represents the vertical position on the y-axis.
If the x-coordinate is 0, this means the point is located directly on the y-axis.
Therefore, the correct statement about the point (0, 5) is that it is on the y-axis.