If Harish has a Mobile and he wants a Tablet. Shivam has a Laptop and he wants a Mobile in exchange of laptop, than what problem Harish and Shivam are facing:
If Harish has a Mobile and he wants a Tablet. Shivam has a Laptop and he wants a Mobile in exchange of laptop, than what problem Harish and Shivam are facing:
(a) Lack of Measure of Value
(b) Lack of double Coincidence of Wants
(c) Lack of Store of Value
(d) None of these
Anurag Pathak Changed status to publish December 15, 2023
Ans – (b)
Explanation:-
Harish and Shivam do not have what they both have and want simultaneously.
Harish wants a tablet but Shivam has a laptop. Shivam wants a mobile but Harish wants a tablet in return.
Thus, it is the case of a lack of double coincidence of wants.
Anurag Pathak Changed status to publish December 15, 2023
