Final answer:
False, In the goods market, sellers may be willing to sell for less than the equilibrium price under certain circumstances, such as excess inventory or the desire to attract customers.
Step-by-step explanation:
The statement "In the goods market, no seller would be willing to sell for less than the equilibrium price" is false.
In the goods market, sellers may be willing to sell for less than the equilibrium price under certain circumstances. These circumstances include factors such as excess inventory, competition, and the desire to attract customers. Sellers may choose to offer discounts, sales, or promotions to increase their sales volume and attract customers.
For example, during a clearance sale, a seller may be willing to sell products below the equilibrium price to quickly get rid of old inventory and make space for new products. This temporary price reduction allows the seller to generate cash flow and avoid storage costs.