Farm programs that pay farmers not to plant crops on all their land
A)hurt farmers by lowering their total revenue and hurt consumers by causing shortages of some food items.
B)help farmers by cutting costs,which helps consumers by lowering food prices.
C)help farmers by increasing total revenue in the market but hurt consumers by raising food prices.
D)help farmers directly since they receive government payments but have no real effects on consumers.

Question

Quizplus · Accepted Answer

Farm programs that pay farmers not to plant crops reduce the supply of those crops, which can lead to higher market prices. This benefits farmers by increasing their total revenue but can hurt consumers by raising food prices.

Farm Programs That Pay Farmers Not to Plant Crops on All