A double coincidence of wants means that
A) each party in an exchange transaction has what the other party desires.
B) one party in an exchange transaction wants twice what the other party is offering.
C) both parties desire the same good or service,making exchange impossible.
D) desires in the marketplace are always unpredictable,so it takes at least two exchanges for every market participant to be satisfied.
E) both parties in an exchange have a desire,but no means by which to pay for it.

Question

Quizplus · Accepted Answer

A double coincidence of wants refers to a situation where both parties involved in an exchange transaction have what the other party desires. This can create a challenge for exchanging goods and services in a barter system. Therefore, it is considered a barrier to trade.

A Double Coincidence of Wants Means That