If an increase in the supply of beef increased the supply of hides, then beef and hides are in ____________
A. competitive supply B. joint supply. C. composite supply D. joint demand
Correct Answer: B
Explanation
Joint supply refers to a product that can end up being transformed into at least two other types of goods. for instance, hides are a natural by-product of meat production and are gotten from livestock. An increase in the supply of beef will automatically lead to an increase in the production and supply of hides.