Review the following statements and select the one that best describes a discount period. Multiple choice question. The discount period is the time between a sale and when payment is due from the buyer. The discount period is another name for the credit terms of a sale. The discount period is the time period in which a discount may be taken by the buyer.

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 above.