The median-voter theorem suggests that:
A. politicians maximize their votes by taking the policy position preferred by the median voter, under certain conditions.
B. Politicians always receive more votes in general elections when they appeal to extremists in their party.
C. the middle voter is generally influenced by the side they have more information on concerning an issue.
D. voters tend to vote with a "mob-mentality," all voting the same.
A. politicians maximize their votes by taking the policy position preferred by the median voter, under certain conditions.
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Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:
A. 0.22. B. 1.00. C. 0.88. D. 1.16.
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Answer the following statement true (T) or false (F)
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