passwella.
Menu

WAEC Agricultural Science 2001 Question 57

Question 57

Marketing of Agricultural Produce

Which of the following is an effect of stability of market price in agricultural production?

  1. A.Profit of the producer would be constant with constant input cost
  2. B.Wholesalers earn more from sales
  3. C.Profit of the retailer will be decreased
  4. D.Consumers will look for cheaper alternatives.
Show the answer and explanation

Answer: A (Profit of the producer would be constant with constant input cost)

Explanation

Stable prices and costs keep the producer's profit steady.