Suppose that the government requires that farms use only animals instead of machinery when planting and harvesting corn. This will result in a/an:

Question

Quizplus · Accepted Answer

Requiring the use of animals instead of machinery is likely to increase production costs for farmers, which will decrease the incentive for them to supply corn. This will result in a decrease in the overall supply of corn.

Suppose That the Government Requires That Farms Use Only Animals