Question: Explain why the following statements are false: a) In the goods market, no buyer would be willing to pay more than the equilibrim price? b)

Explain why the following statements are false:

a) In the goods market, no buyer would be willing to pay more than the equilibrim price?

b) In the goods market, no seller would be willing to sell for less than the equilibrim price?

[Source: Economics by OpenStax College)

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