Understand how consumers make economic decisions
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.
Answer preview to understand how consumers make economic decisions
APA
1321 words
