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The market system

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Question 40

Figure 2b refers to the demand for organic fresh vegetables in Ireland during the economic downturn of 2011–2013.

Figure 2b: Income and Demand for Organic Vegetables (2011–2013)

YearsChange in real disposable incomeChange in demand for organic vegetables
2011–13-4%-8%

Figure 2b suggests that during 2011–2013 in Ireland, organic fresh vegetables were:

a normal good

an inferior good

a Giffen good

a public good

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system