Purpose of Assignment Use the theory of consumer choice and

Purpose of Assignment Use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions. Assignment Steps 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 curvesHigher wagesHigher interest ratesThe 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.