Answer to Question #345908 in Microeconomics for james

Question

Turnips are an inferior good. A rise in the price of​ turnips, all other factors remaining the​ same,

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Part 1

A.

increases the supply of turnips.

B.

increases the quantity demanded of turnips.

Your answer is not correct.

C.

increases the quantity supplied of turnips.

This is the correct answer.

D.

decreases the quantity supplied of turnips.

E.

decreases the demand for turnips.

Answer 1

C.

increases the quantity supplied of turnips.