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What is 'joint supply'? |
Joint supply
According to the Economist's "Economics A–Z" dictionary: "Some products or production processes have more than one use. For instance, cows can both provide milk and be eaten. If farmers increase the number of cows they own in response to an increase in DEMAND for milk, they are also likely to increase, a little later, the supply of meat, causing beef prices to fall."
First answer by ID1165770526. Last edit by ID1165770526. Question popularity: 18 [recommend question]
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What is Joint supply? What does joint supply mean? What is the meaning of joint supply? What is the Definition of joint supplyand competative supply?
