organization’s marketing department to better, economics homework help

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

Write a 1,050-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

Explanation of concepts and theories requires examples and evidence.

Cite a minimum of 3 peer-reviewed sources. Use your textbook and other sources–but realize these other sources don’t count toward the minimum 3 peer-reviewed sources. Avoid online encyclopedia, online dictionaries, or specialized websites as primary sources.

Format consistent with APA guidelines.