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Monday, October 22, 2012

26. Which one of the following pairs of goods is an example for Joint Supply?

(A) Coffee & Tea
(B) Ink & Pen
(C) Tooth Brush & Paste
(D) Wool & Mutton

Ans. (D) Wool & Mutton

JOINT SUPPLY : An economic term referring to a product or process that can yield two or more outputs. Common examples occur within the livestock industry: cows can be utilized for milk, beef and hide; sheep can be utilized for meat, wool and sheepskin. If the supply of cows increases, so will the supply of dairy and beef products. (Source : Investopedia)

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