Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. As Jim makes an offer on the car, the other customer leaves the store, and the storekeeper accepts Jim's offer. This is because
a. The storekeeper's disagreement value decreased
b. The storekeeper's disagreement value increased
c. The storekeeper's disagreement value did not change
d. None of the above
a
Economics
You might also like to view...
Explain the relationship between the real interest rate and the demand for loanable funds. Compare that relationship to the relationship between expected profit and the demand for loanable funds
What will be an ideal response?
Economics
The marginal product of any factor of production depends on
a. the quantity of the factor used. b. the price of the final good. c. the demand for the final good. d. All of the above are correct.
Economics