WAEC Economics 2015 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following is not an effect of many middlemen in the chain of distribution?
- A. Shortage of commodities
- B. Low retail pricesCorrect
- C. Hoarding of goods
- D. High retail prices
Explanation
Many middlemen add successive mark-ups, leading to high (not low) retail prices, alongside possible shortages and hoarding.
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