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WAEC Economics 2012 Paper
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© africaexams.com
Question : 36
Total: 49
Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of
bank deposit
joint demand
scale of preference
double coincidence of wants
Validate
Solution:
Double coincidence of wants is when two people have goods they are both happy to swap in exchange.
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