Suppose managers of an art auction house are going to auction a painting that is believed to be painted by a famous artist. If the managers of the auction are able to provide evidence that the painting was created by the famous artist, the participants in the auction will have _______confidence in their own valuation of the painting and will submit_______ bids.

Question

Quizplus · Accepted Answer

Providing evidence that the painting was created by a famous artist will increase the confidence of the participants in their own valuation of the painting, leading them to submit higher bids. Therefore, the best choice is D, more confidence and higher bids.

Suppose Managers of an Art Auction House Are Going to Auction