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

I am struggling and I need HELP please!

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

Write a 1050 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 always ‘rational’ in behavior economics.

Cite a minimum of three peer-reviewed sources not including your textbook. Properly quote and cite any direct quotes used, keeping the direct quotes to no more than 5 percent of the body of the paper.

Forma consistent with APA guidelines.

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