According to the Median Voter Theorem, Majority Rule Will Produce

question 100

Multiple Choice

According to the median voter theorem, majority rule will produce the outcome:

• A)least preferred by the voter exactly in the middle of a distribution
• B)that represents everyone's preferences equally
• C)most preferred by the voter at an extreme end of the distribution
• D)most preferred by the voter exactly in the middle of a distribution

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Definitions:

Substitutes

Products or services that can replace each other in use, such that an increase in the price of one leads to an increase in the demand for the other.

General Equilibrium

A condition in economics where supply and demand are balanced across all markets in the economy simultaneously.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.

Movie Tickets

Proof of purchase for entry to a cinema or theater showing, usually indicating a specific film, time, and seat assignment.