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An ideal voting system will not function if a _________ is present,and has the power to enact his or her own preferences.
Inelastic Demand
A situation where the demand for a product does not change significantly with a change in the price of that product.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, typically because consumers will choose higher quality substitutes when they can afford them.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically showing a downward slope from left to right.
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