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Match the following( Economics): UGC NET, Economics - 2013-paper -III, q.no. 4

 List-I.                                                                     List-II

A) Offer Curve.                                             1. Public Revenue

B) Laffer Curve.                                           2. Sticky Price

C) Lorenz Curve.                                         3. Reciprocal Demand

D) Kinked Demand Curve.                        4.Inequalitie

Codes:  (a).           (b).            (c).             (d)

      A).   3               1                4                  2✓

      B).   1               3                2                  4

      C).   3               4                1                  2

      D).  4               1                2                  3

Ans: A

offer 

Explanation :  Offer Curve:- This Reciprocal Demand Curve first given by Marshal and Edgeworth. According to this offer Curve what quantity of a certain commodity that one country is accept to offer in exchange of certain quantities of another commodity

Laffer Curve : This Laffer was first created by Arthur Laffer in 1974. This Laffer Curve defines relationship between Tax rates and Tax Revenue collected by the government.

Lorenz Curve: The Lorenz Curve was first developed by the American Economist Max. Lorenz in 1905. This Lorenz Curve defines a Graphical presentation of Income Inequalities.





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