Multiple Choice
A turnip is an inferior good if
A) an increase in the price of a turnip decreases the quantity of turnips that consumers want to buy.
B) an increase in income decreases the demand for turnips.
C) an increase in income increases the demand for turnips.
D) turnips violate the law of demand.
E) turnips are a low quality good.
Correct Answer:
Verified
Correct Answer:
Verified
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