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Suppose the position of political candidates on all issues can be ranked on a scale ranging from conservative to liberal. The more conservative a candidate, the less the quantity of public goods he will supply. Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vote.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9497672

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