The production of rice and yam on the same farmland is an example of?

A. joint supply
B. composite supply
C. competitive supply
D. market supply

Correct Answer:

Option A – joint supply

Explanation

Joint supply is a type of supply in which the production of one article in itself leads to the production of other article as well. for example, leather and beef etc. It is also a process that can yield two or more outputs.