***ONLY use the three references that I have provided in the attachment. DO NOT use your own.*** the three references are,
Principles of Microeconomics 7th edition by Nicholas Gregory Mankiw. I have provide chapter 21 and 22 in the word document.
Another look at the Theory of â€œConsumer Choiceâ€ by Harold G. Vatter
Applied economics, contrast explanation and asymmetric information by Tony Lawson
***Citation need to be done correctly by APA standards.***
***This is an analysis***
You have been asked to assist your organizationâ€™s marketing department to better understand how consumers make economic decisions.
Write a 825-word analysis that includes the following:
The impact the theory of consumer choice has on:
Higher interest rates
The role asymmetric information has in many economic transactions
The Condorcet Paradox and Arrowâ€™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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