Lorenz curve shows

More Questions from Indian Economy

• ‘Capital gains’ refers to goods which
• The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.
• The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.
• The demand for a normal good decreases with ________ in the consumer's income.
• Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.
• __________ resources are those resources whose quantity is known.
• The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.
• If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.
• If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.
• The average variable cost curve is ____ shaped.

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