Final answer:
The statement is false because sellers may choose to sell below the equilibrium price to clear excess inventory, due to cost reductions from innovations, or as a competitive strategy. Buyers may also pay more due to shortages or the perceived value of luxury goods, revealing the flexibility of market transactions.
Step-by-step explanation:
The statement "In the goods market, no seller would be willing to sell for less than the equilibrium price" is incorrect because the equilibrium price is just where the supply and demand curves intersect, representing a balance between what sellers are willing to supply and what buyers are willing to pay. However, there are circumstances under which a seller might sell goods for less. For example, a seller facing excess inventory may lower prices to clear stock. Another scenario is when there is a technological or process innovation that reduces the cost of production, allowing sellers to profitably sell at a lower price. Furthermore, sellers entering a market or those who are trying to increase market share might offer lower prices as a competitive strategy.
On the other hand, buyers may indeed be willing to pay more than the equilibrium price in certain situations such as shortages or when purchasing luxury goods with high perceived value. Thus, the rigidity suggested in the statement doesn't hold true with the dynamic nature of a real-world market where both prices and willingness to transact at those prices can vary based on numerous factors.