​Looking ahead to how the shopkeeper is more likely to respond what price should the customer more likely to quote?

A) ​High price
B) Low price
C) Let the shopkeeper quote the price
D) ​A compromised price between the high and the low

Sequential Game

a type of strategic game in game theory where players make decisions one after another, with subsequent players having some knowledge about previous actions.

Shopkeeper

A retail merchant or owner of a small store.

Haggling Customer

A customer who actively negotiates prices with sellers, aiming to secure goods or services for less than the listed price.