How consumers make economic decisions

Assignment Help Marketing Management

Reference no: EM131912474

Question: Scenario: 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 including 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 are not rational in behavior economics.

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

Format your paper consistent with APA guidelines.

Reference no: EM131912474

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