GCE Economics 2025 Objective — Question 15
Question 15 of 60 from the General Certificate of Education (GCE) Economics 2025 Objective paper, with the correct answer and a full explanation.
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Which of the following is an advantage of middlemen?
- A. Creation of artificial scarcity
- B. Deliberate hoarding of commodities
- C. Increasing prices of goodsCorrect
Explanation
While this seems counterintuitive, middlemen can help establish fair market prices by connecting producers and consumers, though they may increase final prices due to their services.
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