If the shopkeeper goes first and quotes a high price, what is the best response of the customer?
a. Accept the high price
b. Yell at the store owner
c. Walk away from the deal
d. Swear off shopping forever
a
Economics
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Hot dogs and hot dog buns would be expected to have:
A) positive income elasticities of demand with respect to each other. B) negative income elasticities of demand with respect to each other. C) a positive cross-price elasticity of demand. D) a negative cross-price elasticity of demand.
Economics
Which of the following is NOT a form of a short-term loan in the shadow banking system?
A) repurchase agreements B) commercial paper C) money market mutual fund shares D) bank deposits
Economics