_____ are the prices that potential buyers in an auction are willing to pay for an item.
A) Bids
B) Proposals
C) Offers
D) Reserves

Question

Quizplus · Accepted Answer

Bids are the prices that potential buyers in an auction are willing to pay for an item, as they submit their offers, indicating what they are willing to pay for the item. Proposals and offers are similar to a bid, and generally refer to an amount of money offered for an item or service. Reserves, on the other hand, are a minimum price set by the seller that must be met before they will sell the item.

_____ Are the Prices That Potential Buyers in an Auction