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Explain how consumers make economic decisions

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Reference no: EM131369543

Economics Paper

I need a portion of this paper writen for me. i need accurate references and approx 150-200 words on the 5th point down, highlighted in yellow. i need done today!

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

Write a 1,400-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 not including your textbook.

Format consistent with APA guidelines.

Reference no: EM131369543

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