Audible signal to pass is the law in some states (including Ohio). In motorized vehicles most people ignore it except on one-lane roads. When I mentioned this being the law, someone here thought it was "nonsensical." I don't think so at all. I agree that it's common courtesy regardless. If there's a peloton, no, every rider doesn't have to call out, but the point rider should say it's a peloton. If I'm point in a small paceline, I'll usually call out in advance, and then when I'm beside the person, I'll tell them how many riders behind me.
Speed comes from what you put behind you. - Judi Ketteler