The demand for agricultural produce is generally

A. elastic

B. inelastic

C. unnitary

D. static

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

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

Rural farmers mostly obtain loans from

A. government

B. international monetary fund

C. merchant banks

D. money lenders

Marketing processes do not include

A. production

B. assembling

C. distribution

D. processing

Artificial scarcity of agricultural produce is often caused by the following marketing agents except

A. farmers

B. wholesalers

C. middlemen

D. co-operatives