The above table shows the distribution of wealth and income in Miseria. What percent of wealth is owned by the poorest twenty percent?

A) 0 percent
B) 2 percent
C) 3 percent
D) 5 percent

A

Economics

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Indicate whether the statement is true or false

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A price ceiling is binding when it is set

a. above the equilibrium price, causing a shortage. b. above the equilibrium price, causing a surplus. c. below the equilibrium price, causing a shortage. d. below the equilibrium price, causing a surplus.

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