Write a paper on how to assist you organization’s m arketing department to better understand how consumers make economic decisions.

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

• 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