If the Newspapers Report That There Is a Shortage of Strawberries

question 28

True/False

If the newspapers report that there is a shortage of strawberries, it must mean that the current price of strawberries is below the equilibrium price.

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Definitions:

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.

Short-termism

A tendency to prioritize immediate gains over long-term objectives and benefits.

Sustainable Activities

Actions and practices that do not deplete resources or harm natural cycles, ensuring long-term environmental balance.

Shareholders

Individuals or entities that own shares in a corporation, making them partial owners of the company with rights to dividends and voting in corporate matters.