Multiple Choice
If a turnip is a normal good then
A) a small decrease in income increases the quantity of turnips demanded at the current price by a large amount.
B) a large decrease in income increases the quantity of turnips demanded at the current price by a small amount.
C) an increase in income increases the quantity demanded at the current price.
D) an increase in income decreases the quantity demanded at the current price.
E) an increase in price decreases the quantity demanded.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Demand is perfectly inelastic when<br>A)a good has
Q33: The price of plums falls by 7
Q37: Suppose there is an increase in the
Q39: Business people speak about cross elasticity of
Q40: Suppose the Nunavut government decides to repair
Q41: If a 4 percent decrease in income
Q43: If the demand curve for a good
Q100: The price elasticity of demand depends on<br>A)the
Q136: In the nation of Transporta,the income elasticity
Q146: A horizontal supply curve<br>A)is impossible except in