Question

cost of goods sold equals cost of goods available for sale plus cost of ending inventory. a) true b) false

Answer 1

Sellers in the goods market may be willing to sell for less than the equilibrium price. Therefore, the given statement is false.

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 the goods market, sellers are willing to offer goods at prices below the equilibrium price in order to increase sales volume or clear excess inventory. When the market demand is lower than the supply, sellers may lower prices to attract buyers and achieve a balance between supply and demand.