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what are the two dynamic characteristics of agricultural markets that explain why agriculture has been a declining industry? multiple select question. over time, the supply of farm products has increased rapidly because of technological advance. demand for farm products has increased rapidly because it is elastic with respect to income. demand for farm products has increased slowly because it is elastic with respect to income. over time, the demand for farm products has increased rapidly because of technological advance. demand for farm products has increased slowly because it is inelastic with respect to income.