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WAEC Economics 2023 Question 10

Question 10

Theory of Supply

The supply of light could be met using a candle, lantern and gas lamp. This is an example of a

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

Answer: C (composite supply.)

Explanation

When one need (light) can be supplied from several different sources, supply is composite.