Business, 27.05.2021 02:00 evansh78

"Price gouging" is when a seller responds to high demand by charging as much as they possibly can, even if that price exceeds what most people think is reasonable. The average consumer thinks that price gouging is unfair. Some even think it should be illegal. But most economists think it is an efficient response to the market. What do you think? Should price gouging be illegal? Is it fair?

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"Price gouging" is when a seller responds to high demand by charging as much as they possibly can, e...

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