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WAEC Economics 2009 Question 21

Question 21

Distributive Trade

Who among the following is the intermediary between the producer and the retailer?

  1. A.Agent
  2. B.Wholesaler
  3. C.Consumer
  4. D.Distributor.
Show the answer and explanation

Answer: B (Wholesaler)

Explanation

The wholesaler buys in bulk from producers and sells in smaller quantities to retailers.