What does it mean if an auction is with reserve?
A)Unless otherwise stated,the auctioneer has the right to withdraw the item before the fall of the hammer.
B)The auctioneer must sell to the highest bidder.
C)Even after the fall of the hammer,the auctioneer can accept other bids.
D)The items for sale have a minimum price.

Question

Quizplus · Accepted Answer

If an auction is with reserve, it means that the items for sale have a minimum price. The seller has set a reserve price, and if the bidding does not reach that minimum, the item will not be sold.

What Does It Mean If an Auction Is with Reserve