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

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