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WAEC Economics 2020 Question 25

Question 25

Distributive Trade

Which function of the wholesaler enables him to stabilize prices?

  1. A.Warehousing goods
  2. B.Advertising the goods
  3. C.Granting credit to retailers
  4. D.Transporting goods
Show the answer and explanation

Answer: A (Warehousing goods)

Explanation

Storing goods when plentiful and releasing them when scarce keeps prices steady.