Among All Two-Candidate Voting Systems That Never Result in a Tie

question 1

True/False

Among all two-candidate voting systems that never result in a tie, majority rule is the only one that treats all voters equally, treats both candidates equally, and is nonmanipulable.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Normal Good

A good for which demand increases as consumer income rises, holding all other factors constant.

Consumer Tastes

Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.

Substitutes

Products or services that can replace each other in usage, providing consumers with choices.