Question on: JAMB Economics - 2002
The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?
A
competitve
B
composite
C
supplementary
D
complementary
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Correct Option: D
The double coincidence of wants is a situation where two parties each want what the other has to offer, which is a requirement for a barter system. In this context, demands must be complementary. This means the goods or services being exchanged fulfill the needs of both parties involved.
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