If a turnip is an inferior good,then,ceteris paribus,an increase in the price of a turnip will
A)decrease the demand for turnips.
B)increase the demand for turnips.
C)decrease the quantity of turnips supplied.
D)increase the supply of turnips.
E)decrease the quantity of turnips demanded.

Question

Quizplus · Accepted Answer

For inferior goods, as price increases, quantity demanded decreases. Therefore, an increase in the price of turnips will decrease the quantity of turnips demanded.

If a Turnip Is an Inferior Good,then,ceteris Paribus,an Increase in the Price