The Internet created a rise in ________ as more and more people decided to meet online to sell products to the highest bidder.
A) price elasticity of demand
B) stability pricing
C) prestige pricing
D) auction pricing
E) trade discounts

Question

Quizplus · Accepted Answer

The sentence directly refers to "sell products to the highest bidder," which is a clear indication of auction pricing. Auction pricing is a common model for online marketplaces such as eBay, where buyers bid against each other to get the product they want at the best possible price.

The Internet Created a Rise in ________ as More and More