A graph that shows the percentage of the families on one axis and the percentage of income on the other is called the:
a. Budget-distribution curve.
b. Income-consumption curve.
c. Lorenz curve.
d. Marx curve.
c
Economics
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An increase in the price of labor used to produce good Y will lead to
A) an increase in the market clearing price of good Y. B) an increase in the supply of good Y. C) a decrease in the demand for good Y. D) an increase in the demand for good Y.
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