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WAEC Economics 1994 Question 15

Question 15

Distributive Trade

Which of the following pairs can be referred to as middlemen?

  1. A.Wholesalers and agents
  2. B.Retailers and consumers
  3. C.Consumers and agents
  4. D.Wholesalers and retailers
  5. E.Wholesalers and consumers
Show the answer and explanation

Answer: D (Wholesalers and retailers)

Explanation

Wholesalers and retailers stand between the producer and the consumer, so they are middlemen.