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William owns a car that he values at $3000. Jackson values the car at $5000. The negotiations between them for a potential trade are as

William owns a car that he values at $3000. Jackson values the car at $5000. The negotiations between them for a potential trade are as follows: William offers a price to Jackson. If Jackson accepts, trade takes place at that price. If Jackson rejects, William keeps the car and Jackson buys a similar car which he values the same as William's car from James for the price of $4000. What will the outcome be of the negotiation process? William suggests Jackson pay $4000 and Jackson accepts the deal. William suggests Jackson pay $8000 and Jackson accepts the deal. William suggests Jackson pay $3000 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson accepts the deal. William suggests Jackson pay $3000 and Jackson rejects the deal

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