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WAEC Economics 2011 Question 8

Question 8

Theory of Supply

Palm oil and palm kernel have

  1. A.competitive supply.
  2. B.excess supply.
  3. C.joint supply.
  4. D.composite supply.
Show the answer and explanation

Answer: C (joint supply.)

Explanation

Palm oil and palm kernel come from the same palm fruit, so producing one gives the other: joint supply.