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Author Question: Income is distributed ________ equally than wealth and the Lorenz curve for ________ lies closer to ... (Read 96 times)

Kthamas

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on: Jun 29, 2018
Income is distributed ________ equally than wealth and the Lorenz curve for ________ lies closer to the line of equality.
 
  A) more; income
  B) more; wealth
  C) less; income
  D) less; wealth

Question 2

Which of the following represents a price elastic supply?
 
  A) The quantity demanded increases 18 percent as a result of a decrease in the price of 8 percent.
  B) The price rises by 8 percent causing the quantity demanded to fall by 10 percent.
  C) The quantity supplied increases by 21 percent as a result of an increase in the price of 12 percent.
  D) The price rises by 22 percent causing the quantity supplied to increase by 3 percent.


raili21

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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