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Q.

Double coincidence of wants means:


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a

Matching of demand

b

Matching of supply

c

Matching one’s supply with another’s demand

d

All of the above 

answer is C.

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Detailed Solution

The double coincidence of wants means matching one's demand with another's supply.
If both parties agree to buy and sell each other commodities, respectively is a double coincidence of wants. It is the requisite of the barter system, which involves goods as a medium of exchange. The major drawback of this system is the exchange is not possible without the double coincidence of wants. Thus, it was later eliminated by money, which is widely accepted.
 
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