Over time, technological change has

Question

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Over time, technological change has led to larger and more efficient production in agriculture. This has increased the minimum efficient scale of production, meaning that smaller farms are often unable to compete and either go out of business or consolidate with larger farms. With larger farms producing more efficiently, the supply of farm products increases, putting downward pressure on prices. This suggests that option (D) is the best choice, as it corresponds with the changes occurring in the agricultural sector.

Over Time, Technological Change Has