Consider the following statements regarding the Lorenz Curve and Gini Coefficient:\n1. The Lorenz Curve can never cross the line of perfect equality.\n2. A Gini Coefficient of 0 represents perfect inequality, while 1 represents perfect equality.\n3. If two Lorenz Curves intersect, the Gini Coefficient cannot unambiguously determine which distribution is more unequal without a social welfare function.\nWhich of the statements given above is/are correct?

Options:

• A: 1 and 2 only
• B: 1 and 3 only
• C: 2 and 3 only
• D: 1, 2 and 3

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