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An increase in the supply of a commodity X automatically results in an increase in...

Economics
WAEC 2013

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

  • A. elastic supply
  • B. joint supply
  • C. exceptional supply
  • D. competitive supply
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Correct Answer: Option B
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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