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.

Question

Quizplus · Accepted Answer

An inferior good is a good for which the demand decreases as income increases. Turnips are usually considered an inferior good, as people tend to prefer more expensive vegetables as their income increases. Therefore, an increase in income would decrease the demand for turnips.

A Turnip Is an Inferior Good If