Theory of consumer choice and frontiers of microeconomics.
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.