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    Principles of Economics Study Set 12
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    Exam 14: Taxes, Transfers, and Income Distribution
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    Why Doesn't a Lorenz Curve Ever Bow Above the Line
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Why Doesn't a Lorenz Curve Ever Bow Above the Line

Question 12

Question 12

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Why doesn't a Lorenz curve ever bow above the line of equality?

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By construction, the part of the Lorenz ...

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