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related to the following series of moves that a landlord and tenant made in
a conflict that unfolded between them:
Move 1: The tenant left a voice message for his landlord that the heating
system is not working in half of the house.
Move 2: The landlord ignored the complaint
Move 3: As a protest, the tenant only paid half of his rent for two months.
Move 4: The landlord sent an eviction notice to the tenant
Move 6: The tenant hired a lawyer and contacted the court for a hearing date.
Move 7: The landlord left the tenant a note saying that a repairman was
scheduled to look at the heater in two days.
Move 8: The tenant cancelled his hearing date and let the landlord know
about the cancellation
-Explain why, from the tenant's point of view, this unfolding conflict is a good illustration of carrying out the tit-for-tat strategy.
Substitution Effect
The change in consumption patterns due to a change in relative prices, holding the consumer's level of utility constant.
Price
The fiscal amount needed for the acquisition of a product or service.
Delphiniums
A genus of flowering plants known for their tall spikes of colorful flowers, commonly found in gardens.
Perfect Substitutes
Goods or services that can be used in exactly the same way and to the same extent, where one can completely replace the other in consumption.
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