Market Basics-1

Out of the total production ,it is the residual left with the farmers after meeting his requirements for family consumption, farm requirements etc..........

• Marketable Surplus

• Marketed surplus

• Consumer surplus

• none

---------------is defined as the portion of production which actually enters the market irrespective of farmer’s requirements

• Marketed Surplus

• Marketable surplus

• Consumer surplus

• Marketing

If Marketed Surplus > Marketable Surplus

• Small and Marginal Framers

• Large Framers

• Perishable commodity

• Non-Agricultural commodity

If Marketed Surplus < Marketable Surplus

• Small and Marginal Farmers

• Large Farmers

• Perishable Commodity

• Non-Agricultural products

If Marketed Surplus < Marketable Surplus

• Small and Marginal Framers

• Large Farmers

• Perishable Commodity

• Durable good

What does the law of demand mean?

• As the quantity demanded rises, the price rises

• As the price rises, the quantity demanded rises

• As the price rises, the quantity demanded falls.

• As the supply rises, the demand rises

Single seller

Market structure with no substitutes

Market structure with differentiated product type

Coco cola products are example of