Home » Economics » The control price for a carton of beer in Nigeria is N7.20. But a carton…

The control price for a carton of beer in Nigeria is N7.20. But a carton…

The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
  • A.
    there is a Government ban on the importation of beer
  • B.
    beer distributors want more profit
  • C.
    Nigeria is a large country
  • D.
    middlemen hoard beer
  • E.
    the demand for beer exceeds the supply
Correct Answer: Option E
Explanation