![]() ![]() The end result is a rise in price, to P, where supply and demand are in balance. In this event, consumers would choose to pay a higher price in order to get the product they want, while producers would be encouraged by a higher price to bring more of the product onto the market. In such a situation, consumers would clamour for a product that producers would not be willing to supply a shortage would exist. To understand why the balance must occur, examine what happens when there is no balance, such as when market price is below that shown as P in Image 1.Īt any price below P, the quantity demanded is greater than the quantity supplied. It is truly a balance of the market components. Agricultural Marketing Glossary – P, Q, R. ![]() Agricultural Marketing Glossary – H, I, J, K.History of creeping red fescue production in the Peace River Region.Turf and forage seed trade companies active in the Peace Region.Farm gate values for farm-raised vs purchased calves.Understanding the cattle market sliding scale.Understanding dressing percentage of slaughter cattle.Understanding and using basis levels in cattle markets.Using producer cars to ship prairie grain.Basis – How cash grain prices are established.Using hedging to protect farm product prices.Economics and Marketing – Choosing a Commodity Broker.How to use charting to analyse commodity markets.How interest rates affect agricultural markets.How exchange rates affect agricultural markets.How demand and supply determine market price.Understanding supply factors for agricultural products. ![]()
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