Suppose Income Increases.Choose the Correct Statement

question 96

Multiple Choice

Suppose income increases.Choose the correct statement.

• A)The equilibrium price of a turnip falls if a turnip is an inferior good.
• B)The equilibrium price of a turnip rises if a turnip is an inferior good.
• C)The equilibrium quantity of turnips increases if a turnip is an inferior good.
• D)The supply of turnips decreases if a turnip is an inferior good.
• E)The supply of turnips decreases if a turnip is a normal good.

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Definitions:

Environmental Factors

External elements, including physical, social, and cultural conditions, that can influence the growth, development, and behavior of organisms.

Adolescent's Relationship

Refers to the connections and interactions an adolescent has with peers, family, and others, impacting their development and social skills.

Authoritative Parents

A parenting style characterized by high responsiveness and high demands, striking a balance between strictness and warmth in child-rearing practices.

Adolescent's Friends

Peers during the teenage years who can significantly influence one’s behaviors, attitudes, and self-concept through social interactions and bonding.