The below figure shows the demand and supply curves in the market for gasoline. The price and quantity at the point of intersection of the demand and supply curves is $30 and 300 gallons respectively.Figure 3.6

-Without money, no transaction can occur.

Question

The below figure shows the demand and supply curves in the market for gasoline. The price and quantity at the point of intersection of the demand and supply curves is $30 and 300 gallons respectively.Figure 3.6
 
-Without money, no transaction can occur.

Quizplus · Accepted Answer

Transactions can occur through bartering, where goods or services are exchanged directly for other goods or services without using money as a medium.

The Below Figure Shows the Demand and Supply Curves in the Market