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The production of rice and yam on the same farmland is an example of

Economics
WAEC 2022

The production of rice and yam on the same farmland is an example of

  • A. joint supply
  • B. composite supply
  • C. competitive supply
  • D. market supply
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Correct Answer: Option A
Explanation

Joint supply is a type of supply in which the production of one article in itself leads to the production of other article as well. for example, leather and beef etc. It is also a process that can yield two or more outputs.

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