AGRI MARKETING FIN

is the process involved in finding the price consumers are willing to pay for a particular product at a particular time. This involves supply of and demand for the product.

Is a system through which a group of farmers join together to carry on some or all the process involved in bringing goods to the consumer.

Latin word for market

It is the quantity of the produce which producer-farmers actually sell in the market irrespective of their requirements for family consumption, farm needs and other payments.

Is the quantity of goods bought at a particular price at a particular moment.

is the quantity of goods on the market offered / sold at a particular price at a particular time.

It shows that when the price of goods increases, the quantity of goods supplied increases too, since increased prices (up to a level determined by consumers) means increased income for producers, which drives them to supply more product.

• supply curve
• demand curve

It shows that when the price of goods increases, the quantity of goods bought will decrease. Demand will increase if the price is low.

• supply curve

• demand curve

When there is a high demand, the price of the product will ________

when supply and demand are equal and there is neither an oversupply nor a shortage.