WAEC SSCE - Economics - 1997 (Objective)

Question 1 Report

Hoarding in distributive trade leads to

non-availabilty of commodities

production of inferior goods

increase in the supply of goods

decrease in the supply of goods

artificial scarcity of goods

Answer Details

Hoarding in distributive trade refers to the practice of withholding goods from the market with the intention of creating artificial scarcity and driving up prices. This can lead to a decrease in the supply of goods, which can cause prices to rise and make the goods less affordable or unavailable for consumers. Therefore, the correct option is "artificial scarcity of goods."






Press & Hold to Drag Around
Click Here to Close