The closer the Lorenz curve is to the diagonal, the more unequal ...

[penguins]

The closer the Lorenz curve is to the diagonal, the more unequal the distribution of income.
 
  Indicate whether the statement is true or false

Question 2

When a per unit tax is imposed on the sale of a product of a monopolist, the resulting price increase will
 
  A) always be less than the tax.
  B) always be more than the tax.
  C) always be less than if a similar tax were imposed on firms in a competitive market.
  D) not always be less than the tax.

[mcomstock09]

Answer to Question 1

F

Answer to Question 2

D

[penguins]

Thanks for the timely response, appreciate it

[alexanderhamilton]

Excellent