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16 Dec 2017
10) A turnip is an inferior good if A) an increase in income decreases the demand for turnips. B) turnips are considered to be substitues for potatoes. C) turnips violate the law of demand. D) an increase in income increases the demand for turnips. E) an increase in the price of a turip decreases the quantity of turnips that consumers want to buy.
10) A turnip is an inferior good if A) an increase in income decreases the demand for turnips. B) turnips are considered to be substitues for potatoes. C) turnips violate the law of demand. D) an increase in income increases the demand for turnips. E) an increase in the price of a turip decreases the quantity of turnips that consumers want to buy.
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