In the last three decades of the 19th century, the long-run ...

[NguyenJ]

In the last three decades of the 19th century, the long-run supply track of farm prices
 
  (a) indicates a decline in farm prices due to a slowly increasing demand and a more rapidly increasing supply.
  (b) indicates a decline in farm prices due to a slowly increasing supply and a more rapidly increasing demand.
  (c) indicates an increase in farm prices due to a slowly increasing supply and a more rapidly increasing demand.
  (d) indicates relatively constant prices due to the fact that supply and demand were both increasing
  at about the same rate.

Question 2

During the 20th century, the agricultural sector experienced an increase in
 
  (a) the number of operating farms.
  (b) the farm population.
  (c) the farm output.
  (d) all of the above.

[jjorrostieta]

Answer to Question 1

(a)

Answer to Question 2

(c)

[NguyenJ]

TYSM

[cpetit11]

Excellent