Suppose that friends Jennifer, Stephanie, and Megan cannot agree on how much to spend for a bouquet of flowers to send to a person who allowed them to use her beach house for the weekend. Jennifer wants to buy a moderately priced bouquet, Stephanie wants to buy an expensive bouquet, and Megan wants to buy a very expensive bouquet. Assuming no paradox of voting, majority voting will result in the decision to buy:.

an expensive bouquet

Explanation:

Stephanie, Jennifer and Megan will try to reach an agreement, most likely balancing the extreme positions (Jennifer's idea to buy a moderately priced bouquet, and Megan's idea to buy a very expensive bouquet) in order to find equilibrium in the middle, opting for the expensive bouquet, which not only satisfies Stephanie, but also Jennifer and Megan.

the money supply is the total amount of money available in the economy. how do changes in the money supply affect people and businesses?