How price is determined in a free market situation.
- Prices are determined by the supply and demand forces
in the market.
- When price is high supply is high but the demand is
low. When the price is too low the supply is also low,
but the demand is high.
- When quantity demanded is equal to quantity supplied
then this is an equilibrium price. There‘s no
competition among supplier and consumers because
both parties are satisfied
john3 answered the question on December 14, 2017 at 07:54
- With examples, explain how government policies affect agricultural production(Solved)
With examples, explain how government policies affect agricultural production.
Date posted: December 14, 2017. Answers (1)
- Give three reasons for carrying out egg candling before incubation(Solved)
Give three reasons for carrying out egg candling before incubation
Date posted: December 14, 2017. Answers (1)
- State three instances when a beekeeper may handle bees. (Solved)
State three instances when a beekeeper may handle bees.
Date posted: December 14, 2017. Answers (1)
- Give three pig breeds that are good for bacon production(Solved)
Give three pig breeds that are good for bacon production
Date posted: December 14, 2017. Answers (1)
- Outline four major differences in reproductive system of poultry and that of cattle(Solved)
Outline four major differences in reproductive system of poultry and that of cattle
Date posted: December 14, 2017. Answers (1)
- Describe uses of various tools used when erecting a stone wall. (Solved)
Describe uses of various tools used when erecting a stone wall.
Date posted: December 14, 2017. Answers (1)
- Describe 10 daily maintenance and servicing of a tractor before use(Solved)
Describe 10 daily maintenance and servicing of a tractor before use
Date posted: December 14, 2017. Answers (1)
- Describe digestion of grass in the rumen of a cow(Solved)
Describe digestion of grass in the rumen of a cow
Date posted: December 14, 2017. Answers (1)
- Outline the importance of fences in a mixed farm(Solved)
Outline the importance of fences in a mixed farm
Date posted: December 14, 2017. Answers (1)
- Describe using relevant examples, the signs of parasite attack on animals.(Solved)
Describe using relevant examples, the signs of parasite attack on animals.
Date posted: December 14, 2017. Answers (1)
- Describe Anthrax under the following sub-headings.(i) Causal agent. (ii) Mode of transmission. (iii) Symptoms. (iv) Control(Solved)
Describe Anthrax under the following sub-headings.
(i) Causal agent.
(ii) Mode of transmission.
(iii) Symptoms.
(iv) Control
Date posted: December 14, 2017. Answers (1)
- Describe six advantages of mixed stand of pastures(Solved)
Describe six advantages of mixed stand of pastures
Date posted: December 14, 2017. Answers (1)
- Describe eight factors considered when drawing a farm plan(Solved)
Describe eight factors considered when drawing a farm plan
Date posted: December 14, 2017. Answers (1)
- State six characteristics of humus as studied in soil microbiogy.(Solved)
State six characteristics of humus as studied in soil microbiology.
Date posted: December 13, 2017. Answers (1)
- List five habitats of soil organisms as found in the soil.(Solved)
List five habitats of soil organisms as found in the soil.
Date posted: December 13, 2017. Answers (1)
- List the four stages involved in decomposition process.(Solved)
List the four stages involved in decomposition process.
Date posted: December 13, 2017. Answers (1)
- State three categories of soil organisms as classified depending on growth response to temperature(Solved)
State three categories of soil organisms as classified depending on growth response to temperature.
Date posted: December 13, 2017. Answers (1)
- Describe contagious abortion under the following sub-headings.(i) Mode of transmission (ii) Symptoms of attack (iii) Control measures(Solved)
Describe contagious abortion under the following sub-headings.
(i) Mode of transmission
(ii) Symptoms of attack
(iii) Control measures
Date posted: December 12, 2017. Answers (1)
- Explain five factors considered when selecting a boar for breeding purpose(Solved)
Explain five factors considered when selecting a boar for breeding purpose
Date posted: December 12, 2017. Answers (1)
- Outline the routine management practices carried out on livestock when raising young stock in dairy production(Solved)
Outline the routine management practices carried out on livestock when raising young stock in dairy production.
Date posted: December 12, 2017. Answers (1)