A Club Voted on What Time to Have Their Next

question 2

Short Answer

A club voted on what time to have their next meeting (12:00 p.m., 1:00 p.m., 5:00 p.m., or 6:00 p.m.). The election results are summarized in the preference table below.

$\begin{array}{l|rrrr}\text { Number of votes } & 4 & 15 & 6 & 10 \\\hline \text { First choice } & 5 & 6 & 6 & 12 \\\text { Second choice } & 6 & 5 & 12 & 1 \\\text { Third choice } & 1 & 12 & 5 & 6 \\\text { Fourth choice } & 12 & 1 & 1 & 5\end{array}$ Does the election violate the majority criterion? Explain your answer.

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Definitions:

Demand Curve

A graph that shows the relationship between the price of a product and the quantity of the product demanded.

Substitution Effect

The substitution effect occurs when consumers replace more expensive items with less expensive alternatives as prices change, thereby altering their consumption patterns.

Baby Boomers

The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964, characterized by a significant increase in birth rates.

Health Care Workers

Individuals employed within the healthcare industry, including doctors, nurses, therapists, and other allied health professionals.