Final answer:
The statement that sellers would not be willing to sell for less than the equilibrium price is false. Sellers may lower prices for strategic reasons such as clearing inventory, competition, or market changes. The equilibrium price represents a balance point, not a strict minimum for sales.
Step-by-step explanation:
The assertion that no seller would be willing to sell for less than the equilibrium price in the goods market is false. Sellers may choose to sell goods at a price below the equilibrium point for various strategic reasons. These can include trying to increase market share, sell off excess inventory, or match a competitor's pricing. The equilibrium price is defined as the price at which the quantity demanded by consumers exactly equals the quantity supplied by producers. However, market dynamics are fluid, and sellers often adjust their pricing strategies in response to changes in demand, supply, or other market conditions.
For example, if a new technology product is released and a seller still has old inventory, they may choose to sell the older models at a discount to clear stock. Additionally, in a competitive market, some sellers might lower their prices below equilibrium to attract more customers away from competitors, even if this results in a lower profit margin. It is also possible that sellers anticipate future price decreases due to external factors and decide to sell at lower prices preemptively.