Author Question: The closer the Lorenz curve is to the diagonal, the more unequal the distribution of income. ... (Read 94 times)

penguins · **on:** Jul 1, 2018

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.