econ 162 macroecon

The Lorenz curve is a model that shows

a.

the quantity demanded in a market at different prices.

b.

the cumulative shares of income earned by different percentiles of the population.

c.

the maximum combinations of two goods that can be produced given a certain quantity of resources and state of technology.

d.

all of the combinations of two goods that can be achieved through trade.

e.

none of the above

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