Make a Preference Table for the Given Voting Situation $\mathrm{A} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{A} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{A}$

question 22

Multiple Choice

Make a preference table for the given voting situation.
-Ten voters are asked to rank 4 brands of cell phones: A, B, C, and D. The ten voters turn in the Following ballots showing their preferences in order: $\mathrm{A} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{A} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{B} \mathrm{A}$
$\mathrm{B} \mathrm{C} \mathrm{A} \mathrm{C} \mathrm{B} \mathrm{A} \mathrm{C} \mathrm{A} \mathrm{A} \mathrm{B}$
$\mathrm{D}\mathrm{A}\mathrm{C} \mathrm{A}\mathrm{C}\mathrm{C}\mathrm{A} \mathrm{D}\mathrm{C}\mathrm{C}$
$\mathrm{C}\mathrm{D}\mathrm{D}\mathrm{D}\mathrm{D}\mathrm{D}\mathrm{D}\mathrm{C}\mathrm{D}\mathrm{D}$


Make a preference table for these ballots.

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Definitions:

Money Income

The complete sum of money earned by an individual or a household that includes earnings from work, salaries, and additional income sources.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a given budget and prices.

Price Ratio

The ratio of the prices of two goods or services, often used in the context of trade or barter.

Elasticity of Demand

A measure of how responsive the quantity demanded is to a change in price, indicating how a product's demand will fluctuate with pricing changes.