The table below shows the demand and supply of irish potatoes in Wote market on 30th April 2012 against price. a)On the same axes, plot a graph...

      

The table below shows the demand and supply of irish potatoes in Wote market on
30th April 2012 against price.
fig2142019912.png

a)On the same axes, plot a graph of demand and supply of potatoes in the market.
(b) State the equilibrium price and the equilibrium quantity.
(i) Equilibrium price
(ii) Equilibrium quantity
(c ) State three factors that may influence the supply of irish potatoes in Wote market.

  

Answers


Kavungya
a) fig3142019916.png

(b) (i) Equilibrium price – Ksh. 110
(ii) Equilibrium quantity 850 debes

(c ) Factors influencing supply of irish potatoes.
* Number of sellers in the market.
* Price of irish potatoes.
* Price of related goods / substitutes
* Weather conditions
* Cost of production
* Transport availability
* Modern techniques of production
* Government policy
Kavungya answered the question on April 1, 2019 at 06:18


Next: Draw the isomers of the compound C3H7Cl and give their systematic names.
Previous: The illustration below indicate types of soil erosion. Study them and answer the questions that follow. (a) Identify the type of erosion by A and B....

View More Agriculture Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions