joint supply

Show Summary Details

Quick Reference

The supply of two or more separate commodities that are produced by the same process; examples include milk and butter, wool and mutton, and petrol and heavy oil. If the demand for one increases, the supply of the other will also increase, but its price will fall unless its demand also increases.

Subjects: Economics — Business and Management.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.