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How consumers make economic decisions

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Reference no: EM131250732

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

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

Reference no: EM131250732

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