Principle of Demand.

Agricultural science S.S.S 2 Third term.

Week 7   

Principle of Demand.

Performance objectives.

Students should be able to:

  1. State the meaning of demand.
  2. State the law of demand.
  3. List the factors that affect the demand for agricultural goods and services.
  4. Differentiate between the factors shift the demand curve and movement along the demand curve.


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.

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