Consumers Spend a Lot More Time Searching for Good Bargains

Multiple Choice

Consumers spend a lot more time searching for good bargains during recessions because:

A) goods are more expensive during recessions and hence expected benefits of a search are higher.
B) in recessions, many individuals are out of work, which lowers their opportunity cost of time.
C) goods are more expensive during recessions and hence expected benefits of a search are higher and in recessions, many individuals are out of work, which lowers their opportunity cost of time.
D) None of the preceding statements is correct.