The Diagram That Provides a Picture of How Income Is

question 138

Multiple Choice

The diagram that provides a picture of how income is distributed among members of a population is known as a(n)

• A)aggregate demand/aggregate supply model.
• B)Laffer curve.
• C)Lindstrom graph.
• D)Lorenz curve.
• E)frequency histogram.

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Definitions:

Fined

A penalty imposed for breaking a law, rule, or order.

Resale Price Maintenance

A practice where manufacturers and suppliers control or influence the price at which a product is sold by retailers, often to maintain price consistency or value.

Vertical Price-Fixing

An illegal agreement between parties at different levels of the same supply chain, such as manufacturers and retailers, to control prices.

Horizontal Price-Fixing

An agreement between competitors at the same level of the supply chain to set prices, restrict production, or reduce competition.