An auction where visitors describe items or services they want to buy, and a group of participating merchants reply with offers to supply the item at a particular price is called a

Reverse bid

Explanation:

 The reverse bid is one of the type of reverse auction where the sellers are bidding for the products price at the auction and they sell their items ate the best price.

In this type of auction the buyer shows an interest for the products and the services and they puts up request for specific item.

 According to the given question, an auction is the place where the visitor and buyers are participating in the auction and the seller give different types of offers for the products at the specific price and this is known as the reverse bid.

 Therefore, Reverse bid is the correct answer.

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think its caste system

explanation: