With the aid of supply and demand diagrams

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At the beginning of the 20th century almost two out of every five working Americans worked in agriculture. Today this number has fallen to less than one in fifty. At the same time, the total value of agricultural production represents an ever smaller portion of the total value of goods produced in the American economy. With the aid of supply and demand diagrams, carefully explain why this is so.

Reference no: EM131005173

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