Fantasy of Lights is a business that makes and sells Christmas lights. Fantasy of Lights makes over 6,000,000 twinkle lights each year. Fantasy of Lights sells their Christmas lights for a price set by the demand of the consumer. What economic system is this?

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The technique of getting a commitment from a potential customer and then changing the terms of the agreement is best described as low-balling. cognitive dissonance. reciprocal concession. the foot-in-the-door technique. a half-dozen high school students are going to a concert. chantal wants to wear a new colorful outfit that she just received as a gift, but she assumes that her five friends will all be wearing nothing but black leather. chantal decides to do likewise, and leaves her colorful outfit in the closet. chantal’s behavior is an example of conformity. resistance. reciprocation wariness. idiosyncrasy credits.