Trade Will Take Place

Multiple Choice

Trade will take place:

A) if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good.
B) if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good.
C) only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good.
D) None of the statements associated with this question are correct.