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Refer to the Graph of the Supply and Demand for Agricultural

Question 168

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Refer to the graph of the supply and demand for agricultural products. Which of the following best describes the long-run decline of the U.S. agricultural industry? A) a shift in supply from S₁ to S₂ and a shift in demand from D₂ to D₁ B) a shift in supply from S₁ to S₃ and a shift in demand from D₁ to D₂ C) a shift in supply from S₃ to S₁ and a shift in demand from D₁ to D₃ D) a shift in supply from S₁ to S₂ and a shift in demand from D₃ to D₁ Refer to the graph of the supply and demand for agricultural products. Which of the following best describes the long-run decline of the U.S. agricultural industry?


A) a shift in supply from S₁ to S₂ and a shift in demand from D₂ to D₁
B) a shift in supply from S₁ to S₃ and a shift in demand from D₁ to D₂
C) a shift in supply from S₃ to S₁ and a shift in demand from D₁ to D₃
D) a shift in supply from S₁ to S₂ and a shift in demand from D₃ to D₁

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