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WAEC Economics 2011 Question 24

Question 24

Distributive Trade

One good reason for the elimination of middlemen is that they

  1. A.cause increase in price.
  2. B.help in price stability.
  3. C.grade and blend goods.
  4. D.are too many.
Show the answer and explanation

Answer: A (cause increase in price.)

Explanation

Each middleman adds a profit margin, which raises the price the consumer pays.