Suppose 60 Percent of All Households Earn 60 Percent of All

Suppose 60 percent of all households earn 60 percent of all income. Based on this information it follows that

A) 20 percent of all households earn 20 percent of all income.
B) 40 percent of all households earn 40 percent of all income.
C) the Lorenz curve and the line of perfect income equality are one and the same.
D) a, b, and c
E) none of the above