What is the relationship between demand and supply in agriculture?
- Demand in agriculture is independent of supply
-
Demand and supply in agriculture are interdependent
- Supply in agriculture is determined solely by demand
- Demand and supply in agriculture are unrelated
The correct answer is: B
Explanation
In agriculture, demand and supply are interdependent factors. Demand refers to the quantity of agricultural products that consumers are willing and able to purchase at a given price. Supply, on the other hand, refers to the quantity of agricultural products that producers are willing and able to offer for sale at a given price. The relationship between demand and supply is often represented by the concept of market equilibrium.