GCE Economics 2023 Objective — Question 10
Question 10 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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The supply of light could be met using a candle, lantern and gas lamp. This is an example of A. complementary supply B. joint supply C. composite supply D. abnormal supply
- A. complementary supply
- B. joint supply
- C. composite supplyCorrect
- D. abnormal supply
Explanation
Composite supply exists when a need (light) can be competitively met from two or more different sources (candle, lantern, gas lamp) for a similar use. Note: the official WAEC key marked this item as having no correct answer among the options given.
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