Question

what is the effect of unequal distribution of income on market demand of acommodity . explain using a diagram what is the implication of unequal distribution of income for the society​

Answer 1

Answer:

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Explanation:

Unequal income distribution

Markets may result in a very wide distribution of income, such that some individuals may receive no income at all. Incomes are earned in a market when individuals sell or hire out their factor of production to others.