Table 22-7

-Refer to Table 22-7.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Which of the following statements regarding this information is true?
A) In an election between a $33 budget and a $37 budget, the $33 budget will win.
B) Since the median voter theorem implies that the budget of the median voter will win the election, we would expect the overall best budget to be $25, the median of the available budgets.
C) In an election between a $10 budget and a $40 budget, the $40 budget will win.
D) Both b and c

Question

Table 22-7
 
-Refer to Table 22-7.The table shows the most preferred budget of 75 voters.In an election,each voter will select the budget closest to his or her most preferred budget.Which of the following statements regarding this information is true?
A) In an election between a $33 budget and a $37 budget, the $33 budget will win. 
B) Since the median voter theorem implies that the budget of the median voter will win the election, we would expect the overall best budget to be $25, the median of the available budgets. 
C) In an election between a $10 budget and a $40 budget, the $40 budget will win. 
D) Both b and c

Quizplus · Accepted Answer

The budget closest to the most preferred budget of each voter will be chosen. In an election between a $10 budget and a $40 budget, the $40 budget is closest to the most preferred budget of 26 voters, while the $10 budget is closest to the most preferred budget of only 6 voters. Therefore, in this scenario, the $40 budget will win the election. Option A is incorrect because the $33 budget is not preferred by the majority of voters. Option B is incorrect because the median voter theorem may not always apply, especially when the distribution of voters' preferences is not symmetric.

Table 22-7 -Refer to Table 22-7.The Table Shows the Most Preferred Budget