Assignment
You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. (any retail company)
Writea 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
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.