passwella.
Menu

WAEC Agricultural Science 2003 Question 57

Question 57

Basic Agricultural Economics

Study the graph (supply and demand curves for rice). What is the equilibrium price of rice?

Diagram for this question
  1. A.N4.00
  2. B.N3.00
  3. C.N2.00
  4. D.N1.00
Show the answer and explanation

Answer: C (N2.00)

Explanation

The curves cross at a price of N2.00.