Final answer:
The statement "In the goods market, no seller would be willing to sell for less than the equilibrium price" is false because sellers may be willing to sell for less than the equilibrium price due to surplus inventory or competition in the market.
Step-by-step explanation:
The statement "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 influenced by the forces of supply and demand. The equilibrium price is determined at the intersection of the demand and supply curves, where the quantity demanded equals the quantity supplied. However, in reality, sellers may be willing to sell for less than the equilibrium price for various reasons.
One reason is the presence of surplus inventory. If sellers have excess inventory that they need to get rid of quickly, they may be willing to lower their prices below the equilibrium price to attract buyers.
Another reason is competition. In a competitive market, sellers may engage in price competition to gain a larger market share. This can lead to sellers offering lower prices than the equilibrium price to attract customers.