passwella.
Menu

WAEC Agricultural Science 1993 Question 60

Question 60

Basic Agricultural Economics

When there is large quantity of food items in the market with other factors remaining constant, demand

  1. A.will increase thus stabilising the price
  2. B.will decrease and price will increase
  3. C.will increase and price will decrease
  4. D.and price will increase
  5. E.and price will decrease.
Show the answer and explanation

Answer: C (will increase and price will decrease)

Explanation

A large supply lowers the price, and at a lower price people buy more.