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  

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Correct Answer: E