Price which is paid by bidders and is accepted by all other bidders is classified as

A. highest price
B. lowest price
C. zero price
D. peak price
✅ The correct answer is option B.
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.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top