If Preferences Are Single Peaked, Then Pairwise Majority Voting Among

question 19

True/False

If preferences are single peaked, then pairwise majority voting among alternative options will not lead to voting cycles.

---

Definitions:

Money Income

The total earnings received by an individual or household, including wages, salaries, and other income forms, usually before taxes.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Good X

generally refers to an unspecified product or commodity in economic models or discussions.

Budget Line

Represents the combination of goods and services that a consumer can purchase with a given budget at set prices.