Question
1. According to the news report, what outlandish price was observed for a package of toilet paper? 2. Do you believe that government price controls
1. According to the news report, what outlandish price was observed for a package of toilet paper?
2. Do you believe that government price controls are both morally imperative and effective in times of an emergency for products like this, if the punishment for non-compliance was severe enough? Briefly, why or why not?
3. What does the textbook warn about implementing such price controls, and might that affect your answer to the part 2 questions above?
Here's the link to the video the questions refer too
Sellers price gouging toilet paper, cleaning supplies during state of emergency: Fla. AG - YouTube
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