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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.