nickolass0715 nickolass0715
  • 03-11-2021
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Part A
Using an online dictionary, define the term "price gouging."

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regineleanneleones
regineleanneleones regineleanneleones
  • 03-11-2021

Answer:

Price gouging refers to when retailers and others take advantage of spikes in demand by charging exorbitant prices for necessities, often after a natural disaster or other state of emergency.

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moreud059 moreud059
  • 02-12-2021

Answer:

Price gouging occurs when sellers dramatically increase the prices of essential goods in response to greatly increased demand, such as occurs after a natural disaster.

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