Concession Making

question 56

Multiple Choice

Concession making

• A) indicates an acknowledgment of the other party.
• B) shows a movement toward the other's position.
• C) implies a recognition of the legitimacy of the other party's position.
• D) recognizes the other party's position.
• E) All of the above are characteristics of concession making.

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Definitions:

Price

The monetary value attached to the purchase of a good or service.

Quantity

The quantity of a tangible or intangible product or service.

Curve Shift

A movement of the supply or demand curve to the left or right, indicating a change in the market conditions.

Movement Along

Changes in the quantity demanded or supplied resulting from a change in price, illustrated by a movement along a demand or supply curve.