Examlex
The Lorenz curve is a graph of the percentage of total income obtained by cumulative percentages of households.
Virginia
A state located in the Southeastern and Mid-Atlantic regions of the United States, known for its historical significance and diverse geography.
Seller's Market
A market condition characterized by a shortage of goods available for sale, leading to higher prices and favoring sellers over buyers.
Buyer's Market
A market condition where the supply of goods exceeds demand, giving buyers an advantage in terms of selection and negotiation of prices.
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