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Which of the following is something markets can't do?

a. provide unlimited goods and services
b. determine the equilibrium quantity of a good or service
c. determine the equilibrium price of a good or service
d. make buyers and sellers better off

1 Answer

2 votes

Final answer:

In the goods market, sellers can be willing to sell for less than the equilibrium price if there is excess supply.

Step-by-step explanation:

In the goods market, sellers can be willing to sell for less than the equilibrium price. This is because the equilibrium price is determined by the intersection of the demand and supply curves, which represent the preferences and constraints of buyers and sellers respectively. If sellers are facing excess supply, meaning there is more of the product available than buyers are willing to purchase at the current price, they may be willing to sell for less in order to attract buyers and clear their inventory.

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