Jack Tells Mike, "I'd Like to Buy Your Boat for $100,000

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