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

  • bank deposit
  • joint demand
  • scale of preference
  • double coincidence of wants checkmark

The correct answer is: D

Explanation

Double coincidence of wants is when two people have goods they are both happy to swap in exchange. 

Previous Question Next Question

Leave A Comment