The more bidders there are at an oral auction,​

A) ​the higher the expected selling price
B) the higher each bidder bids
C) the longer that each bidder will continue to bid
D) ​the less each bidder will shade his bid

Oral Auction

An auction conducted by an auctioneer who calls out prices of items for which participants physically present place bids verbally.

Expected Selling Price

The price at which a seller anticipates being able to sell a product or service.

Bid Shade

Bid shading is the strategy of offering a lower bid than what you're actually willing to pay, often used in auctions or competitive bidding scenarios.