Assignment

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:

o Demand curves
o Higher wages
o 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.