WAEC Economics 2012 Objective — Question 37
Question 37 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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Mr. Okpoti has meat and wants maize, while Mr. Adama has maize and wants meat. A transaction is possible because of
- A. joint demand
- B. scale of preference
- C. double coincidence of wantsCorrect
- D. opportunity cost
Explanation
Because there is double coincidence of wants.
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