WAEC Economics 2026 Question 5

Use the information below to answer the question.
Farmers have discovered that prices of their crops are never stable. Lower prices are usually recorded during harvests while higher prices are recorded after harvests.
A likely reason for the higher prices experienced after harvests is the

1. A.supply being equal to demand
2. B.excess demand for the crop
3. C.inadequate number of middlemen
4. D.absence of market for the crop