Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation…

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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. 

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