Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation...
ECONOMICS
WAEC 2012
Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of
- A. bank deposit
- B. joint demand
- C. scale of preference
- D. double coincidence of wants
Correct Answer: D. double coincidence of wants
Explanation
Double coincidence of wants is when two people have goods they are both happy to swap in exchange.
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