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1. Briefly define what is meant by the term price gouging. 2. From what we have learned in class, what type of price control might

1. Briefly define what is meant by the term "price gouging." 2. From what we have learned in class, what type of price control might government officials put on [place to attempt to deal with price gouging. 3. Why do prices for goods and services (water, gas, lumber, etc.) often increase following a natural disaster? 4. The author mentions 3 facts that are inescapable following a natural disaster. What are those 3 facts? 5. The author contends that merchants who voluntarily keep prices below market levels "would not only be harmful, but also unfair!" How does he support this claim

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