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A condition for the sale of buyer's current property is more likely to be accepted in a seller's market.

a) True
b) False

User Riaz
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1 Answer

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Final answer:

The statement is false because there are circumstances such as clearing inventory, offering promotional discounts, dealing with perishable goods, engaging in price wars, or having lower costs that would lead a seller to sell goods for less than the equilibrium price.

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 because the equilibrium price is where the quantity demanded by consumers equals the quantity supplied by producers. However, there are several reasons why a seller might be willing to sell goods for less than the equilibrium price. Such reasons include the need to clear inventory that is not selling, to provide a promotional discount to attract more customers, or because the product is perishable and they need to sell it before it is no longer viable. Additionally, some producers might have lower costs and be able to make a profit even at a lower price, or they might be engaged in a price war with competitors.

User Nsemeniuk
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