WAEC - Economics (2013 - No. 15)
An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of
elastic supply
joint supply
exceptional supply
competitive supply
Explanation
Joint supply is where an increase or decrease in the supply of one good leads to an increase or decrease in supply of a by-product. For instance, an increase in the production of computers would lead to a corresponding increase in the supply of computer software, because a computer requires a software to operate
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