WAEC Economics 2020 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
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Which function of the wholesaler enables him to stabilize prices?
- A. Warehousing goodsCorrect
- B. Advertising the goods
- C. Granting credit to retailers
- D. Transporting goods
Explanation
By warehousing (storing) goods, the wholesaler can regulate supply to the market over time, helping to stabilize prices.
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