Double coincidence of wants means
A) two economic agents want to exchange the goods they have.
B) households prefer to double the quantity of their goods.
C) households want more of leisure and consumption.
D) households prefer a diverse set of goods.
E) two economic agents want different sets of goods.

Question

Quizplus · Accepted Answer

Double coincidence of wants refers to a situation where two economic agents each possess something that the other wants, such that they can engage in an exchange. Option A best describes this situation.

Double Coincidence of Wants Means