WAEC Economics 2005 Question 23

Question 23

Distributive Trade

Wholesalers are often criticized because they

  1. A.help to break the bulk
  2. B.finance producers
  3. C.increase prices
  4. D.provide after-sale services.
Show the answer and explanation

Answer: C (increase prices)

Explanation

Each middleman adds his profit, so wholesalers are blamed for raising the final price.