Option 1: This statement is incorrect. Phloem is responsible for the transportation of organic compounds, such as sugars and other metabolic products, rather than water and minerals. The transportation of water and minerals is mainly facilitated by the xylem.

Option 2: This statement is correct. Phloem is involved in the transportation of photosynthetic products, such as sugars, amino acids, and hormones, from the leaves to other parts of the plant where they are utilized for growth, storage, or energy requirements. This process is known as translocation.

Option 3: This statement is incorrect. Phloem is a complex tissue that consists of different types of cells, including sieve elements, companion cells, phloem fibers, and phloem parenchyma cells. These different cell types work together to carry out the functions of the phloem.

Option 4: This statement is incorrect. Phloem does not provide support to the plant. Support in plants is primarily provided by the cellulose cell walls and lignified tissues, such as sclerenchyma cells. Phloem is mainly responsible for transporting nutrients and metabolic products.

In conclusion, the correct statement about phloem is that it transports photosynthetic products, such as