Economics (AS & A Level) · Feb / March 2022 · Paper 12 · Question 5
The diagram shows a supply curve for chicken. What explains why the supply curve for chicken slopes upwards?
- AAn increase in the demand for chicken will bring about a rise in supply.
- BFarmers’ productivity rises as the price rises.
- CIncreased production leads to a reduction in costs.
- DThe cost of additional chicken production rises as output increases.
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Correct answer: D. The cost of additional chicken production rises as output increases.
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