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. His bargaining position would improve if
a. The other customer leaves
b. He receives an offer from a competing car dealer
c. He can make it clear that he will leave if his offer isn't accepted
d. All of the above
d
You might also like to view...
Suppose the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units, the coefficient of elasticity of demand for beans using the arc elasticity approach is
A) -1.33. B) -0.75. C) -0.4. D) -0.25.
Price ceilings will likely result in the growth of black markets
a. True b. False Indicate whether the statement is true or false
Which of the following examples shows causation?
a. When Terence found out he won the lottery, he jumped up and down with joy. b. When Yuki sat in a chair, he heard an ambulance siren. c. When Terence called a friend to tell him he won the lottery, a bird began to sing merrily outside. d. As the ambulance went by Yuki’s house, he drank his coffee.
If the closing price of a stock traded on a particular day is $46 per share, and the dividend paid is $2.84 per share
Fill in the blunk(s) with the appropriat word (s).