pls solve this question in clear handwriting within 10-15 minutes I'll give you multiple upvotes. Question 45100806040+AfterТахBeforeТах204080Percent of Families60100The Lorenz curves in the graph above show the effects of a tax system on income inequality. Which of the following statements must be true?Before the tax, 20% of families lived below the poverty level, and after the tax, none did.The tax redistributed income only from the top 20% of families to the lowest 20%.The tax system is proportional.The tax system is regressive.The tax system is progressive.Percent of Income20

Analysis of the diagram In this graph we can see three lines. The first line is a straight line…

The Lorenz curves in the graph above show the effects of a tax system on income inequality. Which of the following statements must be true? O Before the tax, 20% of families lived below the poverty level, and after the tax, none did. The tax redistributed income only from the top 20% of families to the lowest 20% O The tax system is proportional. The tax system is regressive. The tax system is progressive.

The Lorenz curves in the graph above show the effects of a tax system on income inequality. Which of the following statements must be true? O Before the tax, 20% of families lived below the poverty level, and after the tax, none did. The tax redistributed income only from the top 20% of families to the lowest 20% O The tax system is proportional. The tax system is regressive. The tax system is progressive.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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