You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Write a 1,200-word analysis that includes the following:
- The impact the theory of consumer choice has on:
- Demand curves
- Higher wages
- Higher interest rates
- The role asymmetric information has in many economic transactions
- The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy
- People not being rational in behavior economics
Cite a minimum of 3 peer-reviewed sources (must be reputable sources that I can access in the schools library – please include ISBN or DOI)
Format consistent with APA guidelines. Use proper grammar, solid analysis and be specific.