An English Auction Is an Auction Wherein

Multiple Choice

An English auction is an auction wherein:

A) the price called out continues to descend until someone is willing to pay that price.
B) participants cry out their bids and the bids keep rising until no participant is willing to pay a higher price for the object being sold.
C) bids are sealed and the individual with the highest bid wins.
D) bids are sealed and everyone with a price higher than the reservation price wins.