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Topic Content:
- Types of Supply
- Joint/Complementary Supply
- Competitive Supply
- Composite Supply
1. Joint/Complementary Supply:
This is the type of supply that occurs when two or more commodities are produced and supplied from one source/raw material.
An increase in the production and supply of one commodity will automatically bring about an increase, in the production and supply of the other commodities, that are produced from the same source.
For example,
- An increase in the production or supply of cassava will lead to an increase in the production of garri, starch, and cassava flour.
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