Assume there are three voters: A, B and C. Voter preferences can be ranked along a left-to-right spectrum that ranges from 1-9; 1 being the most left leaning preference and 9 being the most right leaning preference. Suppose these voters will choose between candidates Smith and Jones in an upcoming election. Assuming the following voter preferences: Voter ID                                    Preference (1-9) A                                               4 B                                               5 C                                               6 A. True/False Explain: If the median voter theorem holds, candidates Smithand Jones will either both adopt preference 5 OR one will adopt preference 4 while the other adopts preference 6.

Principles of Microeconomics
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ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
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Assume there are three voters: A, B and C. Voter preferences can be ranked along a left-to-right spectrum that ranges from 1-9; 1 being the most left leaning preference and 9 being the most right leaning preference. Suppose these voters will choose between candidates Smith and Jones
in an upcoming election.
Assuming the following voter preferences:
Voter ID                                    Preference (1-9)
A                                               4
B                                               5
C                                               6

A. True/False Explain: If the median voter theorem holds, candidates Smithand Jones will either both adopt preference 5 OR one will adopt preference 4 while the other adopts preference 6.


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