Final answer:
The statement suggesting e-business doesn't generate demand for goods and services is false; it encompasses a wide range of transactions that can stimulate demand. Additionally, both the notions that buyers won't pay more than the equilibrium price and sellers won't sell for less are false, as market conditions and consumer preferences can lead to transactions at prices different from the equilibrium.
Step-by-step explanation:
Understanding E-Business and Market Dynamics
The statement "E-business excludes transactions that generate demand for goods and services." is false. E-business encompasses a broad range of electronic transactions including the sale and purchase of goods and services, often stimulating demand. With the rise of the Internet and globalization, e-commerce platforms allow individuals and businesses to trade on a global scale, directly affecting local and international markets. E-business transactions can lead to increased competition and can have a significant impact on market prices and demand.
Market Equilibrium and Buyer Behavior
The statement "In the goods market, no buyer would be willing to pay more than the equilibrium price." is also false. The equilibrium price is where the quantity demanded equals the quantity supplied, but there are scenarios where buyers may be willing to pay more. For example, in the case of limited edition products or when facing urgent demand, buyers may pay a premium above the equilibrium price.
Market Equilibrium and Seller Behavior
Conversely, the statement "In the goods market, no seller would be willing to sell for less than the equilibrium price." is false due to certain market conditions. Sellers might accept prices below equilibrium in situations like inventory clearance, outdated goods, or to induce trial and gain market share.