Mr Akpoti has meat and wants maize, while Mr Adama has ma...
Mr Akpoti has meat and wants maize, while Mr Adama has maize and wants meat. Transaction is possible because of
Bank deposit
Joint demand
Scale of preference
Double coincidence of wants
Correct answer is D
Double coincidence of wants is when two people have goods they are both happy to swap in exchange.
At the equilibrium price, quantity demanded is ...
Which of the following is most likely to be of benefit to a debtor? ...
Choice in economic life is necessitated by ...
A customs union is an economic grouping which has__________ ...
The demand for a good is price inelastic if ...
In the long run all factors of production are ...
The market in which the operators are many and none of them can influence the price is ...
In a free market economy, resources are allocated through the ...