Final answer:
The statements about buyers not willing to pay more and sellers not willing to sell for less than the equilibrium price are false due to various factors like product differentiation, scarcity, the need for immediate cash, or strategies like competitive pricing.
Step-by-step explanation:
The statement "In the goods market, no buyer would be willing to pay more than the equilibrium price." is false because in some circumstances, buyers may be willing to pay more than the equilibrium price. This can occur due to factors such as product differentiation, perceived value, or situations where buyers are not well-informed about the market price. Additionally, in situations involving scarcity of goods or time-sensitive demand, buyers might be compelled to pay a premium over the equilibrium price to secure the product.
Similarly, the statement "In the goods market, no seller would be willing to sell for less than the equilibrium price." is also false. Sellers may be willing to sell at a price lower than the equilibrium price due to reasons such as inventory clearance, immediate need for cash, or to gain market share through competitive pricing. Therefore, both buyer and seller behavior can deviate from the equilibrium price based on specific market conditions and individual circumstances.