WAEC Economics 2019 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Two commodities X and Y are in joint supply when
- A. X is a by-product of YCorrect
- B. X and Y are produced by the same firm
- C. increase in quantity of X leads to decrease in Y
- D. X and Y cannot be produced in the same process
Explanation
A joint supply is a situation where two or more products are produced together from a single process, such that one product is a by-product of the other (e.g. beef and hide from cattle).
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