Question

Which of the following is correct about the double coincidence of wants?

A person desire to sell what the other wishes to buy without goods.

A person desire to sell double of his goods together.

Both parties agree to sell and buy each others commodities.

All of the above.

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Answer 1

A person desire to sell what the other wishes to buy without goods

The coincidence of wants (often known as double coincidence of wants) is an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium.

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Answer 2

Answer:

A person desire to sell what other wish to buy in exchange of services

Explanation: