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.

Question

Quizplus · Accepted Answer

A double coincidence of wants occurs when two individuals each possess something desired by the other, essentially fulfilling each other's wants. This differs from option A, which describes a situation in which two buyers both desire the same good, but neither may possess what the other desires, and option B, in which neither party is interested in the other's goods. Option D is partially correct in that there must be a buyer and a seller to facilitate an exchange, but it is not specific to a double coincidence of wants.

Which of the Following Best Describes a Double Coincidence of Wants