Impact of the theory of consumer choice


Assignment:

You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.
Prepare a report in 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

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

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Macroeconomics: Impact of the theory of consumer choice
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