if a housewife has meat and tomatoes she must f... - WAEC Economics 2018 Question
if a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give. this concept is described as?
A
opportunity cost
B
scale of preference
C
complementary demand
D
double of coincidence of wants
correct option: d
This occurs when two people have goods they are both happy to swap in exchange. i.e. a perfect barter exchange. a requirement that must be met before a trade can be made. It specifies that a trader must find another trader who is willing to trade what the first trader wants and at the same time wants what the first trader has.
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