Which Statement Best Characterizes the Long-Run Decline in the Agricultural

Multiple Choice

Which statement best characterizes the long-run decline in the agricultural industry?

A) The growth in the demand for farm products has exceeded the growth in the supply of such products, causing rising farm product prices and falling farm income.
B) The growth in the supply of farm products has exceeded the growth in the demand for such products, causing falling farm product prices and falling farm income.
C) The supply of farm products has increased while the demand for such products has decreased, causing falling farm product prices and falling farm income.
D) The demand for farm products has increased while the supply of such products has decreased, causing rising farm product prices and rising farm income.