If commodity X is a by-product of commodity Y, this impli...
If commodity X is a by-product of commodity Y, this implies that both commodities are
In competitive supply
In composite supply
Jointly supplied
In excess supply
Correct answer is B
When the process of making one thing results in a second product as well, that second thing is called a byproduct. Example, the production of computer systems, require a software to function, hence would be jointly supplied.
Composite Supply is one where 2 or more goods or services are supplied together.
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