Suppose that the market demand curve for sunflowers is a function of the price of sunflowers, the price of roses, and income. If the partial derivative of quantity demanded of sunflowers with respect to income is negative,:

Question

Quizplus · Accepted Answer

If the partial derivative of quantity demanded of sunflowers with respect to income is negative, it means that as income increases, the demand for sunflowers decreases. This characteristic is indicative of an inferior good, thus making sunflowers an inferior good.

Suppose That the Market Demand Curve for Sunflowers Is a Function