In the short-run commodity X and commodity Y are supplied jointly, which of the following...
ECONOMICS
WAEC 2009
In the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
- A. An increase in demand for X will increase supply of Y
- B. An increase in demand for X will leave the supply of Y unchanged
- C. An increase in demand for Y will raise the price of X
- D. An increase in demand for X will cause less of Y to be produced
Correct Answer: A. An increase in demand for X will increase supply of Y
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