Question: c . Graph the Lorenz curves L ( x ) = x p corresponding to p = 1 3 , 1 . 6 , 2

c. Graph the Lorenz curves L(x)=xp corresponding to p=13,1.6,2,3,4. Which value of p corresponds to the most equitable distribution of wealth (closest to the line of perfect equality)? Which value of p corresponds 1
A.p=4 is most equitable. p=1,3 is least equitable. y=x4 more closely resembles the line of perfect equality, whereas the curve y=x1.3 least resembles the line.
B.p=1.3 is most equitable. p=4 is least equitable. y=x1.3 more closely resembles the line of perfect equality, whereas the curve y=x4 least resembles the line.
C.p=4 is most equitable. p=1.3 is least equitable. y=x more closely resembles the line of perfect equality, whereas the curve y=-x least resembles the line.
D.p=1,3 is most equitable. p=4 is least equitable. y=x4 more closely resembles the line of perfect equality, whereas y=x13 least resembles the line.
 c. Graph the Lorenz curves L(x)=xp corresponding to p=13,1.6,2,3,4. Which value

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