Author Question: In an open outcry English auction, ________. A) the bidders begin the bidding process with a high ... (Read 90 times)

craiczarry · **on:** Jun 29, 2018

In an open outcry English auction, ________.

A) the bidders begin the bidding process with a high starting bid
B) the auctioneer begins the bidding process with a high starting bid
C) the auctioneer begins the bidding process with a low starting bid
D) the bidders decide the starting bid

Question 2

Which of the following shifts the supply curve for oranges?

A) disastrous weather that destroys about half of this year's orange crop
B) a newly discovered increase in the nutritional value of oranges
C) an increase in the price of bananas, a substitute in consumption for oranges
D) an increase in income for all orange consumers