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2 votes
Second market doesn't have listing standards.

A) True
B) False

1 Answer

4 votes

Final answer:

The statement is false because sellers can have reasons for selling below the equilibrium price, such as attracting customers or getting rid of excess inventory.

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 sellers can have various reasons for selling below the equilibrium price. For example, if a seller wants to attract more customers or get rid of excess inventory, they may choose to sell their goods at a lower price. Additionally, in a competitive market, sellers may engage in price wars, resulting in selling below the equilibrium price.

answered
User Justkikuchi
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