Question
% Population % Income A % Income B 10 1 1 20 4 2 30 9 6 40 16 12 50 25 20 60 36
% Population % Income A % Income B
10 1 1
20 4 2
30 9 6
40 16 12
50 25 20
60 36 31
70 49 44
80 64 60
90 81 78
100 100 100
When graphing the above data, they resemble old uneven steps. If system C has the top 10% enslaving everyone else then the distribution no longer resembles steps, but looks like a ....?
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
