waecE-LEARNING
Agricultural Science Paper 2, Nov/Dec.2013  
Questions: 1 2 3 4 5 6 7 8 9 10   Main
General Comment
Weakness/Remedies
Strength

























Question 9

The table below shows the demand and supply schedule for eggs in a market.


Price (N)

Quantity Demanded
(Crates)

Quantity supplied (Crates)

10.00

130

15

15.00

110

28

20.00

90

60

25.00

70

70

30.00

50

100

35.00

20

160

(a)       Using a graph sheet, plot the demand and supply curves for eggs using
           the schedule above.                                                                         [6 marks]
(b)       From the graph, determine the equilibrium price and quantity of eggs.    [4 marks]
(c)        At a price of N10.00 per crate, determine the excess demand for eggs
           in the market.                                                                                          [2 marks]
(d)      At a price of N35.00 per crate, determine the excess supply of eggs in
           the market.                                                                                                [2 marks]
(e)      Suggest one way by which a farmer can take advantage of the relationship
           between demand and supply to attain high profit.             [2 marks ]

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OBSERVATION

This question was avoided by most of the candidates, even those who attempted it performed woefully.  In 9(a –b), most of the candidates could not plot the demand and supply curves for eggs using the schedule provided, determine the equilibrium price and quantity of eggs from the graph.  More so, most of them could not determine the excess demand for eggs and excess supply of eggs as required in 9(c-d).  They could not also suggest the way by which a farmer can take advantage of the relationship between demand and supply to attain high profit as required in 9(e).

 

The expected answers include:

 

 

 

 

 

 

 

 

 

 


Demand and supply curves for eggs

        (b)    Determination of equilibrium price and quantity of eggs
            Equilibrium price    =     N 25   
                             Equilibrium  quantity  =   70 crates 

        (c)     Determination of the excess demand for eggs at a price of N 10 per crate
                    Excess demand = Quantity demanded – Quantity supplied  
                                                    130 crates  -   15 crates        
                                                                  =    115 crates           

        (d)     Determination of excess supply of eggs at a price of N 35 per crate
                     Excess supply = Quantity  supplied – Quantity demanded 
                                160 crates  -  20 crates                            
                                                    =   140 crates                        

        (e)     Way by which a farmer can take advantage of the relationship between
demand and supply to attain high profit
The farmer must harvest and sell his produce early before other farmers to avoid low prices at harvest time when supply is high and demand is low
The farmer could store the produce at harvest time to sell later when demand and price have risen

  1. Carbohydrates

-    Production of energy
-    Can be converted and stored as fat
-    Help in milk production

 

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