John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)

Name: John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)
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Question

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Mary's statement is a counteroffer because she is proposing a different price than what was originally offered, which effectively rejects the initial offer and proposes a new one.

John Offers to Sell His Car to Mary for $5000