A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2022 · Q51 Mark
The diagram shows a supply curve for chicken. What explains why the supply curve for chicken slopes upwards? [Figure 5]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
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.
✓ Correct answer
D: The cost of additional chicken production rises as output increases.
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