Agricultural Science JSS 3 First Term

WEEK 8

Factors that determine the price of agricultural produce II

Performance Objectives

Student should be able to:

    1. Explain how demand and supply affect price.

Content

Factors that determine the price of agricultural produce contd

3. Quantity of produce: With favourable climatic conditions, agricultural products normally thrive well. That is, with a good combination of sun, rain, good crop management practices crops will thrive well and this will lead to a good harvest and increase in the supply of agricultural products thus the higher the supply, the higher the price of agricultural products.

4. Force of demand and supply: At the equilibrium price, the forces of demand and supply interact to determine the price for that commodity. This is the point that the quantity of agricultural products.... View More