Which of the following is NOT a likely result of a reduction in the supply of agricultural tractors?

Show Answers

A rise in the rental cost of tractorsA drop in the rental price of farmlandA decline in the marginal product value of tractorsAn increase in the wages paid to farm laborers

Explanation

Reducing the number of tractors available typically leads to higher tractor rental prices (A), lowers the rental value of farmland due to decreased productivity (B), and reduces the marginal product value of tractors (C). However, it does not cause farm workers' wages to rise (D), as labor demand may not increase in this scenario.