A-LevelEconomicsThe Price System and MicroeconomyFeb/Mar 2022Paper 1 Q51 Mark
The diagram shows a supply curve for chicken. What explains why the supply curve for chicken slopes upwards? [Figure 5]
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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The correct answer is D. This question tests the candidate's understanding of the price system and microeconomy within the Economicssyllabus. The examiner's mark scheme requires...
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