organization’s marketing department to better, economics homework help

organization’s marketing department to better, economics homework help

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

Explanation of concepts and theories requires examples and evidence.

Cite a minimum of 3 peer-reviewed sources. Use your textbook and other sources–but realize these other sources don’t count toward the minimum 3 peer-reviewed sources. Avoid online encyclopedia, online dictionaries, or specialized websites as primary sources.

Format consistent with APA guidelines.