Answered: (e) Prove that in general every Lorenz…

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(e) Prove that in general every Lorenz curve lies below the Lorenz curve of the perfectly equal distribution.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter18: Poverty And Redistribution

Section: Chapter Questions

Problem 1.2P

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If a country had perfect income equality what would the Lorenz curve look like?
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