2.prices of related good. For purposes of supply analysis related goods refer to goods from which inputs are derived to be used in the production of the primary good. For example, Spam is made from pork shoulders and ham. Both are derived from pigs. Therefore pigs would be considered a related good to this case the relationship would be negative or inverse. Is the price of pigs goes up the supply of Spam would decrease (supply curve shifts left) because the cost of production would have increased. A related good may also be a good that can be produces with the firm’s existing factors of production. For example, suppose that a firm produces leather belts, and that the firm’s managers learn that leather pouches for smartphones are more profitable than belts. the firm might reduce its production of belts and begin production of cell phone pouches based on this information. Finally, a change in the price of a joint product will affect supply. For example beef products and anani sikim leather are joint products. lf a company runs both a beef processing operation and a tannery an increase in the price of steaks would mean that more cattle are processed which would increase the supply of leather.