Which of the Following Best Describes a Double Coincidence of Wants

question 88

Multiple Choice

Which of the following best describes a double coincidence of wants?

• A)Two buyers want the same good.
• B)Neither buyer wants a good.
• C)You have what another wants and you want what they have.
• D)A buyer and a seller rather than two buyers or two sellers must meet.
• E)None of the above answers is correct.

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Definitions:

Court Summons

A legal document issued by a court or administrative body ordering an individual to appear before it at a specified date and time.

Official Court Form

A standardized document issued by the court system or jurisdiction to be used in legal proceedings.

Itinerant Seller

A seller who moves from place to place to sell goods or services, often without a fixed retail location.

Fixed Place of Business

A specific location where a company conducts its operations and business activities on a regular basis.