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:

Option B = joint supply.

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.