Final answer:
Sellers in the goods market may be willing to sell for less than the equilibrium price for various reasons.
Step-by-step explanation:
The statement that 'In the goods market, no seller would be willing to sell for less than the equilibrium price' is false. In a competitive market, sellers are motivated by the profit-maximizing principle, and therefore, they would be willing to sell goods even below the equilibrium price under certain conditions.
For example, if a seller has an excess inventory and needs to clear it quickly, they may lower the price below the equilibrium to attract buyers. Additionally, if a seller anticipates a future decrease in demand or an increase in competition, they may decide to lower the price in order to maintain their market share.Therefore, the initial statement is incorrect, as sellers have various reasons and strategies to sell goods below the equilibrium price in the goods market.