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The principle that under some circumstances majority voting fails to make consistent choices reflecting the community's underlying preference is best demonstrated by the
Q27: Suppose that at prices of $1, $2,
Q73: In which price range of the accompanying
Q78: Which of the following statements is inconsistent
Q191: If choice A wins over choice B
Q203: Allocative efficiency occurs only at that output
Q219: Nonrivalry and nonexcludability are the main characteristics
Q252: A firm produces and sells two goods,
Q307: Economists distinguish among the immediate market period,
Q338: If the demand for farm products is
Q342: The price elasticity of demand is generally<br>A)negative,