Final answer:
The statement that "In the goods market, no buyer would be willing to pay more than the equilibrium price" is false. Buyers may be willing to pay more than the equilibrium price in certain situations such as excess demand or for products with unique features or exclusivity.
Step-by-step explanation:
The statement that "In the goods market, no buyer would be willing to pay more than the equilibrium price" is false. In a competitive market, the equilibrium price is determined by the intersection of the demand and supply curves. At this price, the quantity demanded equals the quantity supplied. However, there can be instances where buyers are willing to pay more than the equilibrium price.
For example, in situations of excess demand or shortage, buyers may be willing to pay a higher price to secure the goods they want. This can happen during peak seasons or when there is limited availability of certain products. Additionally, buyers may be willing to pay a premium for products that offer unique features, high quality, or exclusivity, even if it is above the equilibrium price.
Therefore, it is not accurate to say that no buyer would be willing to pay more than the equilibrium price in the goods market.