QuestionAugust 17, 2025

Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease? A. an increase in the price of ostrich feed B. an increase in the demand for goats C. a decrease in the price of goats D. an increase in the price of ostriches

Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease? A. an increase in the price of ostrich feed B. an increase in the demand for goats C. a decrease in the price of goats D. an increase in the price of ostriches
Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease? A. an increase in the price of ostrich feed B. an increase in the demand for goats C. a decrease in the price of goats D. an increase in the price of ostriches

Solution
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Answer

D. an increase in the price of ostriches Explanation 1. Analyze the effect of each option on goat supply A. An increase in the price of ostrich feed would likely make raising ostriches less profitable, potentially causing farmers to switch from ostriches to goats, increasing goat supply. B. An increase in the demand for goats typically leads to an increase in supply as producers try to meet demand, not a decrease. C. A decrease in the price of goats makes them less profitable to raise, which could cause farmers to reduce the number of goats they supply. D. An increase in the price of ostriches makes raising ostriches more profitable, potentially causing farmers to switch from goats to ostriches, decreasing goat supply.

Explanation

1. Analyze the effect of each option on goat supply<br /> A. An increase in the price of ostrich feed would likely make raising ostriches less profitable, potentially causing farmers to switch from ostriches to goats, increasing goat supply.<br /> B. An increase in the demand for goats typically leads to an increase in supply as producers try to meet demand, not a decrease.<br /> C. A decrease in the price of goats makes them less profitable to raise, which could cause farmers to reduce the number of goats they supply.<br /> D. An increase in the price of ostriches makes raising ostriches more profitable, potentially causing farmers to switch from goats to ostriches, decreasing goat supply.
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