Which of these is one effect of government price supports in the agriculture industry? The supply of agricultural goods is reduced relative to consumer demand. There is a greater competition from foreign agricultural suppliers. The price of agricultural goods is lower for consumers. There is a greater efficiency in the use of farmland by agricultural producers
Which of these is one effect of government price supports in the agriculture industry? The supply of agricultural goods is reduced relative to consumer demand. There is a greater competition from foreign agricultural suppliers. The price of agricultural goods is lower for consumers. There is a greater efficiency in the use of farmland by agricultural producers
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of these is one effect of government
- The supply of agricultural goods is reduced relative to consumer
demand . - There is a greater competition from foreign agricultural suppliers.
- The price of agricultural goods is lower for consumers.
- There is a greater efficiency in the use of farmland by agricultural producers
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