Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.

### Instruction:
Identify the effect of this policy change.

### Input:
The city of New York is introducing a new policy that will increase the amount of fees for new businesses.

### Response:
The effect of this policy change will be an increase in costs for new businesses in New York City, potentially making it harder for new businesses to establish themselves.