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WAEC Economics 2015 Question 6

Question 6

Distributive Trade

Which of the following is not an effect of many middlemen in the chain of distribution?

  1. A.Shortage of commodities
  2. B.Low retail prices
  3. C.Hoarding of goods
  4. D.High retail prices.
Show the answer and explanation

Answer: B (Low retail prices)

Explanation

Many middlemen raise prices; they do not lower them.