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Suppose now that some polarizing event occurs that causes several voters to adopt more extreme positions on the left-right issue dimension. The new distribution of voters is shown in Figure 3.
Figure 3: Illustrating the Median Voter Theorem-A Polarized Electorate
-Where will parties P1 and P2 locate in the left-right space given the polarized nature of the electorate shown in Figure 3?
Trilateral
Involving three parties, sides, or aspects; often used in the context of international treaties or agreements.
Mutual Misunderstanding
Mutual misunderstanding occurs when two or more parties have differing interpretations or perceptions about an agreement or situation.
Meeting of the Minds
A mutual agreement or consent among parties in a contract, indicated by a clear understanding and acceptance of essential terms and conditions.
Contract
A legally-binding agreement between two or more parties that outlines obligations and privileges.
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