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WAEC Economics 2019 Question 24

Question 24

Distributive Trade

Middlemen are made up of

  1. A.manufacturers, wholesalers and consumers.
  2. B.manufacturers, wholesalers and retailers.
  3. C.wholesalers, retailers and hawkers.
  4. D.wholesalers, retailers and consumers.
Show the answer and explanation

Answer: C (wholesalers, retailers and hawkers.)

Explanation

Middlemen stand between producers and consumers: wholesalers and retailers (including hawkers).