Step 1: Understand Ellingham diagram.
Ellingham diagram is used in metallurgy to study the feasibility of reduction of metal oxidesIt represents thermodynamic stability of compounds
Step 2: Key parameter plotted.
The diagram plots standard Gibbs free energy change ($\Delta_r G^\circ$) of formation of oxides against temperature
Step 3: Purpose of the graph.
It helps determine whether a reducing agent can reduce a metal oxide based on the position of lines in the graphLower $\Delta G^\circ$ indicates more stable oxide
Step 4: Conclusion.
\[
\boxed{\Delta_r G^\circ \text{ versus temperature}}
\]