Prepmart | what does the lorenz curve represent MCQ with Answer & Explanation

A. Taxable income elasticity

B. Relationship between the price of a certain commodity and its demand

C. Income distribution

D. Rate of employment

Correct Answer: C

Explanation:
Lorenz curve shows the distribution of income or wealth within an economy.

Economics - Lorenz Curve Account Ast. 2024 Report Error

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