Which of the Following Did Not Contribute to the Farmer's

question 14

Multiple Choice

Which of the following did not contribute to the farmer's worsening terms of trade during the period of 1875-1895?

• A) A rapid increase in the supply of agricultural products.
• B) Output increases as a result of technological change during the period.
• C) A rise in demand for U.S. crops after the Civil War.
• D) The income elasticity of demand for most agricultural crops was less than one.

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