Supply and Demand in Agriculture - JSS3 Agricultural Science Lesson Note

1. Supply in Agriculture:

  - Factors Influencing Supply: Weather conditions, technological advancements, input costs, and government policies impact the quantity of agricultural products supplied.

  - Elasticity of Supply: The responsiveness of the quantity supplied to changes in price and other factors.

b. Demand in Agriculture:

  - Factors Influencing Demand: Population growth, income levels, consumer preferences, and external factors (e.g., health trends) affect the demand for agricultural products.

  - Elasticity of Demand: Measures how changes in price affect the quantity demanded.