JAMB - Economics (1982 - No. 7)
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?
there is a Government ban on the importation of beer
beer distributors want more profit
Nigeria is a large country
middlemen hoard beer
the demand for beer exceeds the supply