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Agec 112: Introduction To Agricultural Economics Question Paper

Agec 112: Introduction To Agricultural Economics

Course:Bachelor Of Science In Agriculture

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
EXAMINATIONS FOR THE AWARD OF DEGREE IN
BACHELOR OF SCIENCE AGRICULTURE
AGEC 112: INTRODUCTION TO AGRICULTURAL ECONOMICS
STREAMS: BSC. (AGRIC) TIME: 2 HOURS
DAY/DATE: WEDNESDAY 17/4/2013 1130 AM – 1.30PM
INSTRUCTIONS:

1. This paper has two sections A and B
2. Section A accounts for 40 Marks while Section B accounts for 30 Marks
3. Section A is compulsory
4. Answer any TWO Questions in Section B

SECTION A

1. In reference to provision of goods and services discuss the different types of utility. [12 Marks]

2. (a) What is effective demand? Briefly explain. [4 Marks]

(b) With examples distinguish between private and public monopoly. [5 Marks]

3. Discuss reasons for government interference with equilibrium prices. [10 Marks]

4. (a) State four factors that determine the supply of a product. [4 Marks]

(b) Briefly describe the prospect of agriculture in national development.
[5 Marks]

SECTION B

5. Describe the characteristic of agricultural supply of goods and services. [15 Marks]

6. In the framework of the structure, conduct and performance paradigm, discuss the various types of market structures. [15 Marks]

7. Define price elasticity of demand and briefly with an aid of sketch curves discuss five (5) types of elasticity. [15 Marks]

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Agec 112: Introduction To Agricultural Economics Question Paper

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