ECO 365 Principles of Microeconomics

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ECO 365 Principles of Microeconomics
Write a 1,050-word analysis
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Week 5
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.
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