The impact theory of consumer choice has on Demand curves

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: Include Introduction & conclusion as well.

 

·         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..

Format consistent with APA guidelines

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