Final answer:
In the goods market, buyers are willing to pay more than the equilibrium price if they perceive that the goods have a higher value than the market price.
Step-by-step explanation:
The statement that "In the goods market, no buyer would be willing to pay more than the equilibrium price" is false. In the goods market, buyers are willing to pay more than the equilibrium price if they perceive that the goods have a higher value than the market price.
For example, let's say the equilibrium price of a ticket to a concert is $50. However, if a buyer really wants to attend the concert and believes it is worth more than $50 to them, they may be willing to pay a higher price, such as $75, to secure a ticket.
In conclusion, “In the goods market, no buyer would be willing to pay more than the equilibrium price” is false because buyers' subjective valuations can impact the price they are willing to pay.