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WAEC Agricultural Science 1995 Question 56

Question 56

Basic Agricultural Economics

The quantity of rice that an individual is able to buy during a given period of time is simply the individual's

  1. A.supply of rice
  2. B.demand for rice
  3. C.elastic limit for rice
  4. D.preference for rice
  5. E.purchasing power.
Show the answer and explanation

Answer: B (demand for rice)

Explanation

Demand is the quantity a person is willing and able to buy.