Home > Term: joint supply
joint supply
Some products or production processes have more than one use. For instance, cows can both provide milk and be eaten. If farmers increase the number of cows they own in response to an increase in demand for milk, they are also likely to increase, a little later, the supply of meat, causing beef prices to fall.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
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- summer.l
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