Question

One benefit of using wants. Which of the items below describes a double coincidence of wants? to facilitate economic activity is that it does not require a double coincidence of O Two couples are both trying to purchase the same house. O Two people, who do not know one another, both order an extra-value meal #1 from McDonalds at the exact same moment. A baker, who is interested in acquiring meat, meeting a butcher interested in acquiring bread A baker, who is interested in acquiring vegetables, meeting a butcher who is also O interested in acquiring vegetables

Answer 1

Double coincidence of wants  is the situation where the supplier of good X wants good Y and the supplier of good Y wants good X . So the third option is correct .

The baker wants to buy meat . He meets a butcher who wants to buy bread . So here exchange can easily happen . Baker will take meat in exchange give bread to the butcher .