Author Question: The distribution of U.S. income is not bell-shaped because A) there are more households with ... (Read 54 times)

ec501234 · **on:** Jun 29, 2018

The distribution of U.S. income is not bell-shaped because

A) there are more households with incomes below the mean income than above the mean income.
B) there are more households with incomes above the mean income than below the mean income.
C) the mode income equals the mean income.
D) the income distribution is bell shaped.

Question 2

The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. Using the figure, how much tax revenue does the government raise?

A) 20,000
B) 40,000
C) 60,000
D) 80,000