SubjectPaid lesson
Principle of Demand.
CT
ClassNotes Team 3 MIN READUPDATED 13 JUN 2026Agricultural science S.S.S 2 Third term.
Week 7
Principle of Demand.
Performance objectives.
Students should be able to:
- State the meaning of demand.
- State the law of demand.
- List the factors that affect the demand for agricultural goods and services.
- Differentiate between the factors shift the demand curve and movement along the demand curve.
Content
Principle of Demand.
Meaning of Demand
Demand can be defined as the quantity of a commodity that an individual is willing and able to buy at a specific price within a given period of time. Demand is more than the desire to have something. It must be backed with the ability to pay the price.
When a consumer’s demand is backed up by the…