Since economists cannot use natural experiments offered by history, they must use carefully constructed laboratory experiments instead

Cell phone companies offer pricing plan alternatives in order to convert some

a. consumer surplus into profit b. producer surplus into profit c. economic profit into normal profit d. profit into consumer surplus e. consumer surplus into deadweight loss

The price of house paint, a normal good, has gone up. This change can be shown graphically as a:

A. shift in the demand curve to the right. B. shift in the demand curve to the left. C. movement along the demand curve to the right. D. movement along the demand curve to the left.