Factors that determines price of agricultural produce II
Agricultural Science JSS 3 First Term
Factors that determine the price of agricultural produce II
Student should be able to:
1. Explain how demand and supply affect price.
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
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