Final answer:
It is true that in a seller's market, a buyer might omit a property inspection clause to make their offer more attractive to the seller. Issues with price agreement can arise from imperfect information on both sides. Lastly, sellers in the goods market may sell for less than the equilibrium price for various practical reasons.
Step-by-step explanation:
The statement that in a seller's market, a buyer could be tempted to not include a property inspection clause is true. In a competitive market where demand exceeds supply, buyers may feel pressured to make their offers more attractive to sellers. By foregoing a property inspection clause, they avoid making the sale contingent on the outcome of an inspection, which can speed up the transaction and make the offer more appealing. However, this can be risky for the buyer as it may lead to unforeseen issues with the property after purchase.
Imperfect information can lead to difficulties in price agreement because both parties lack complete knowledge about the property's condition or market value. Sellers might overvalue the property based on incomplete data, while buyers might undervalue it, leading to a price disagreement.
The statement that no seller would be willing to sell for less than the equilibrium price in the goods market is false because real-world markets often have pressures that lead to deviations from the theoretical equilibrium. For example, sellers may accept a lower price to liquidate inventory quickly, meet cash flow needs, or respond to changes in market demand.