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Author Question: The closer the Lorenz curve is to the diagonal, the more unequal the distribution of income. ... (Read 87 times)

penguins

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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.


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mcomstock09

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Reply #1 on: Jul 1, 2018
Answer to Question 1

F

Answer to Question 2

D


penguins

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

tandmlomax84

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Reply 3 on: Yesterday
:D TYSM

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