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WAEC Economics 2004 Question 14

Question 14

Distributive Trade

One of the problems associated with the middleman in the distribution of goods is that he

  1. A.buys in large quantities
  2. B.hoards goods
  3. C.grants credit to the retailer
  4. D.sells varieties of goods
Show the answer and explanation

Answer: B (hoards goods)

Explanation

Middlemen sometimes hoard goods to create artificial scarcity and raise prices.