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.
Reward for entrepreneurship is ...
A group formed to enable members adopt a common policy in labour negotiation is known as? ...
Public ownership of productive factors is a feature of_______? ...
Production is said to be completed when ...
The difference between the Gross Domestic Product and the Gross National Product is ...
The main disadvantages of deflationary policies is ...
The PAYE (Pay As You Earn) in Nigeria is an example of ...
One of the instruments of protection of infants industries is the ...