Even When Preferences Are _____,The _____ Will Produce a Single

question 27

Multiple Choice

Even when preferences are _____,the _____ will produce a single winner.

• A)not single peaked;equilibrium
• B)single peaked;log-rolling
• C)cyclical;majority rule system
• D)cyclical;primary system

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Definitions:

Inferior Good

A type of good for which demand decreases as the consumer's income increases.

Tuna Fish Sandwiches

A type of sandwich made typically from canned tuna mixed with mayonnaise and other ingredients.

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, inversely related to that of 'normal goods'.

Quantity Demanded

The sum total of a good or service consumers are ready and able to buy at a certain price point.