GCE Economics 2022 Objective — Question 13
Question 13 of 50 from the General Certificate of Education (GCE) Economics 2022 Objective paper, with the correct answer and a full explanation.
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The production of rice and yam on the same farmland is an example of
- A. joint supplyCorrect
- B. composite supply
- C. competitive supply
- D. market supply
Explanation
When two or more commodities are produced and supplied from the same source/land, this is joint supply (e.g. rice and yam on the same farmland).
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