Implication of Demand and supply.

Agricultural science S.S.S 2 Third term.

Week 9   

Implication of Demand and supply.

Performance objectives.

Students should be able to:

  1. Discuss the meaning of price support.
  2. Explain the meaning of price support.
  3. Indicate what a subsidy programme is all about.

Content           

Implications of Demand and Supply for Agricultural Production.

 The implications of demand and supply for agricultural products include the following:

  1. When the demand for a farm produce exceeds supply, price tends to rise.
  2. When the demand for a farm produce is lower than the supply, the price falls.
  3. Increase in the income of the consumer will make them demand for more farm produce vice versa.
  4. Increase in.... View More

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