The supply curve for chicken will shift to the right, if production costs increases.

Question

Quizplus · Accepted Answer

The supply curve for chicken will shift to the left if production costs increase. This is because the producers would have to spend more money to produce the same quantity of goods, and hence would have to charge more for the chicken to maintain their profit margins. As a result, the quantity supplied would decrease, causing a leftward shift in the supply curve.

The Supply Curve for Chicken Will Shift to the Right