Multiple Choice
An increase in income
A) increases the demand for turnips if a turnip is an inferior good.
B) increases the demand for turnips if a turnip is a normal good.
C) increases the supply of turnips.
D) decreases the demand for turnips if turnips have a very low price.
E) decreases the supply of turnips.
Correct Answer:
Verified
Correct Answer:
Verified
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