Limited access

Upgrade to access all content for this subject

If chickens are produced in a perfectly competitive market, which of the following represents the law of supply as applied to that market?

A

A higher price for corn used in chicken feed leads to a lower supply of chickens.

B

As a result of a higher price for chickens, farmers produce more.

C

As the price of chickens falls, farmers produce more.

D

Because the price of pork increases, farmers produce fewer chickens.

E

A decrease in wages for workers on chicken farms leads farmers to produce more chickens.

Select an assignment template