Final answer:
The incorrect statement about the African slave trade is that 'Slave market was created by the European merchants during the 16th century,' as slaves were traded in Africa long before European involvement.
Step-by-step explanation:
The statement about the African slave trade that is NOT correct is that 'Slave market was created by the European merchants during the 16th century.'
This is incorrect because the trade of enslaved people had been a constant feature of African commerce long before European involvement; Africans had held slaves and traded them well before Europeans expanded the market during the transatlantic slave trade era.
The Portuguese first traded for African slaves in 1441, and the sale of enslaved people became a key component in African trade much earlier.