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

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

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:
is difficult to locate, so it takes time to find it.
can easily be evaluated before purchase.
O is produced with rare or hard-to-find inputs.
is not yet available, but consumer desires for it are known.

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