ECO 365 Principles of Microeconomics

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:

• 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 rational in behavior economics.

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

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.