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Agricultural Science 2001 WAEC Past Questions

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51

The demand for agricultural produce is generally

  • A. elastic
  • B. inelastic
  • C. unnitary
  • D. static
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52
Given a normal situation, what effect will an increase in the supply of cowpea have on its market price? The price
  • A. increases
  • B. decreases
  • C. is unaffected
  • D. is unpredictable
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53
Which of the following is an effect of stability of market price in agricultural production?
  • A. profit of the producer would be constant with input cost
  • B. wholesalersearn more from sales
  • C. profit of the retailer will be decreased
  • D. consumers will look for chaeper alternatives
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54
Rural farmers mostly obtain loans from
  • A. government
  • B. international monetary fund
  • C. merchant banks
  • D. money lenders
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55
Marketing processes do not include
  • A. production
  • B. assembling
  • C. distribution
  • D. processing
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