Final answer:
The false belief that buyers in the goods market will not pay above equilibrium price is debunked by considering buyers' preferences, the value placed on scarce goods, and market conditions that can lead to prices above the equilibrium.
Step-by-step explanation:
The statement "In the goods market, no buyer would be willing to pay more than the equilibrium price" is false because the goods market can experience moments where buyers' preferences and perceptions of value override the equilibrium price. For example, in the case of scarce or luxury goods, buyers may be willing to pay a premium over and above the equilibrium price to obtain the product due to perceived exclusivity or urgency in possession. Similarly, product launches, trending items, or shocks to the market, such as supply deficits or sudden surges in demand (often seen in the secondary markets like ticket scalping or collectibles trading), can drive prices above what would be determined by simple supply and demand equilibrium.