Final answer:
The statement about sellers not willing to sell below equilibrium price is false because sellers may reduce prices for reasons such as inventory liquidation, competition, or to attract customers, defying the notion that equilibrium price is the minimum acceptable sales price in the goods market.
Step-by-step explanation:
The assertion that 'in the goods market, no seller would be willing to sell for less than the equilibrium price' is false because market dynamics can compel sellers to offer goods at lower prices. In particular, when there is a shortage of a product, sellers might indeed raise prices to balance supply and demand. However, there are scenarios where sellers may be motivated to sell below the equilibrium price. For example, a business may need to liquidate inventory quickly to free up cash or storage space, or they might lower prices to compete in a highly competitive market.
Moreover, market equilibrium is a theoretical point where the quantity demanded equals the quantity supplied, indicating no incentive to change prices. However, in the real-world economy, prices fluctuate frequently due to competition, market trends, and consumer preferences, sometimes leading to sales below equilibrium to attract customers or match competitors' pricing.