Answer
(c)The modest long-run growth in the demand for farm products has not been sufficient to offset the expansion of supply, resulting in stagnant farm income.
Work Step by Step
Conceptual Question. No Work Needed.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 19 - Agriculture: Economics and Policy - Questions - Page 408: 3c
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