WAEC - Economics (2020 - No. 13)
If an increase in the supply of beef increased the supply of hides, then beef and hides are in
competitive supply
joint supply.
composite supply
joint demand
Explanation
Joint supply refers to a product that can end up being transformed into at least two other types of goods. for instance, hides are a natural by-product of meat production and are gotten from livestock. An increase in the supply of beef will automatically lead to an increase in the production and supply of hides.