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JAMB Economics 2002 Question 22

Question 22

Distributive Trade

The middlemen in the chain of distribution are

  1. A.manufacturers and consumers
  2. B.wholesalers and retailers
  3. C.consumers and wholesalers
  4. D.retailers and consumers
Show the answer and explanation

Answer: B (wholesalers and retailers)

Explanation

Middlemen stand between producers and consumers; they are the wholesalers and retailers.