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
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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.
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