The Median Voter Theorem Says That

question 3

Multiple Choice

The median voter theorem says that . . .

• A) When a set of individuals hold single-peaked preferences over outcomes in a unidimensional policy space, a majority of these individuals will support the policy preference of the median voter.
• B) Groups are incapable of majoritarian decisions.
• C) When a set of individuals hold single-peaked preferences over outcomes in a unidimensional policy space, there will never exist a fair and consistent voting outcome.
• D) All electoral systems lead to the same result.

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Definitions:

Necessity

A good or service that is essential for survival and basic well-being, often implying inelastic demand with respect to price changes.

Price Elastic Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with a higher elasticity indicating a greater response.

Dental Floss

A thin thread used to remove food and dental plaque from between teeth in areas a toothbrush is unable to reach.

Price Elasticity

Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.