A trader in the market trades his goods for the money that is paid for the goods offered by him.This is an example of a(n):
A)demand.
B)want.
C)exchange.
D)necessity.
E)need.

Question

Quizplus · Accepted Answer

The given scenario represents an exchange, where the trader offers goods and receives money in return. Demand refers to the desire for a particular good or service, while want, necessity, and need denote the state of lacking something. Therefore, the best choice in this case is C - exchange.

A Trader in the Market Trades His Goods for the Money