Principle of Supply.
Agricultural science S.S.S 2 Third term.
Week 8
Principle of Supply.
Performance objectives.
Students should be able to:
- State the meaning of supply.
- State the law of supply
- List the factors that affect supply movements along the supply curve.
Content
Principle of Supply.
Supply is defined as the quantity of a commodity that producer is willing and able to offer for sale at a given price over a particular period of time. The quantity offered for sale in the market is known as an effective supply.
The Law of Supply
The law of supply states that there is a direct or positive relationship between the price and the quantity offered for sale.
Conversely,.... View More
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- Environmental Physiology.
- Livestock management.
- Animal Nutrition
- Range-land management.
- Basic Economic Principles
- Agricultural Science SSS2 Third Term Mid-Term Assessment
- Test
- Factors of production.
- Principle of Demand.
- Principle of Supply.
- Implication of Demand and supply.
- Functions and problems faced by farm managers.
- Agricultural Science SSS2 Third Term Final Assessment
- Test
- Chapters 12
- Category SSS2
- Author ClassNotes Edu
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