Choose the statement that is incorrect. A. Search activity occurs only in markets where there is a shortage. B. The time spent looking for someone with whom to do business is called search activity. C. When a price is regulated and there is a shortage, search activity increases. D. The opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
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Home » Business » Choose the statement that is incorrect. A. Search activity occurs only in markets where there is a shortage. B. The time spent looking for someone with whom to do business is called search activity. C.