Why Did Vernon Smith Win the Nobel Prize in Economics

question 81

Multiple Choice

Why did Vernon Smith win the Nobel Prize in Economics in 2002?

• A) He created the theory of supply and demand.
• B) He used laboratory experiments as a tool to confirm the theory of supply and demand.
• C) He was able to disprove the theory of supply and demand.
• D) This is a trick question, because Vernon Smith did not win the Nobel Prize.

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