Table 22-4

-Refer to Table 22-4.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 22-4
 
-Refer to Table 22-4.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

According to the information provided in the table, the most preferred budget is $40, with 28 voters selecting it as their preferred option. Therefore, in an election between a $10 budget and a $40 budget, the $40 budget will win as it is closest to the most preferred budget of the majority of the voters. Option A is incorrect as the $37 budget is not the most preferred and does not have the majority of votes. Option B is also incorrect as the median voter theorem does not necessarily apply in this case as the most preferred budget is already known.

Table 22-4 -Refer to Table 22-4.The Table Shows the Most Preferred Budget