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SubjectPaid lesson

Demand and supply – Types of supply

ClassNotes Team 13 MIN READUPDATED 4 JUL 2026

Economics SSS 2 Second Term

WEEK 5

Demand and supply – Types of supply

Performance Objectives

Student should be able to:

  1. List and explain the types of supply.
  2. Differentiate between change in supply and change in quantity supplied.

Content

  Types of Supply

    1. Composite supply: Composite supply occurs when a certain commodity can serve two or more purposes. Alternatively, the supply of the commodity for one purpose will greatly affect the supply of the same commodity for another purpose.
    2. Joint or complementary supply: This occurs when two or more commodities are produced and supplied from one source. An increase in the production and supply of one will automatically bring about an increase in the production and supply of the other…