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Jack Tells Mike,"I'd Like to Buy Your Boat for $100

Question 8

Multiple Choice

Jack tells Mike,"I'd like to buy your boat for $100 000." Mike,in response,says,"That's too cheap.I'll sell you my boat for $150 000." Mike's statement is a ________ and a ________.


A) refusal; new offer
B) rejection; new offer
C) refusal; rejection
D) rejection; counter-offer
E) rejection; valid offer

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