Question

"A ______ auction is a type of online reverse auction in which the buyer starts with an initial low price and then gradually raises the price of the item until one of the suppliers agrees to provide it at that price."

Answer 1

Answer:

Reverse dutch auction

Explanation:

Reverse dutch auction- it is opposite to the traditional dutch auction which starts from higher bid then goes to the low bid. In reverse dutch auction, bid start form low bid then toward a high bid.

In this auction, a list of item that buyer are interesting in buying has made and after a fixed interval of time the price of the item raised and it raised until the reverse the desired price reached