A search good is a product that: a) is not yet available, but consumer desires for it are known. b) can easily be evaluated before purchase. c) is difficult to locate, so it takes time to find it. d) is produced with rare or hard-to-find inputs.

A search good is a product that: a) is not yet available, but consumer desires for it are known. b) can easily be evaluated before purchase. c) is difficult to locate, so it takes time to find it. d) is produced with rare or hard-to-find inputs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A search good is a product that:

a) is not yet available, but consumer desires for it are known.

b) can easily be evaluated before purchase.

c) is difficult to locate, so it takes time to find it.

d) is produced with rare or hard-to-find inputs.

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