Q418
Price which is paid by bidders and is accepted by all other bidders is classified as
A.
highest price
B.
lowest price
AnswerC.
zero price
D.
peak price
Answer: Option B
Solution
Answer: Option B
Solution:
Price which is paid by bidders and is accepted by all other bidders is classified as lowest price. A bidder is someone who offers to pay a certain amount of money for something that is being sold.