In the podcast EconTalk: Munger on Price Gouging, suppose that there are 4 buyers:

Alice wants ice to keep her perishable food cool, and since she would lose about $45 of groceries if she could not refrigerate them, her WTP for ice is $40 for a bag of ice.

Bob wants to keep his beer cold, and his WTP for ice is $7 per bag.

Charles wants to keep his insuline cold. Since he will have a lot of problems without it, he is willing to pay $100 for ice.

David likes chewing on ice when he is bored. He is willing to pay $5 per bag.

When the entrepeneurs (they call them yahoos) arrive in town, who is going to pay for ice at their offered price? Use the idea of Consumer Surplus to explain why all 4 buyers would like the ice to have a $2 price like it did before the hurricane hit.

If the police had not interrupted the trade, would the ice go to "those who need it the most"? link: https://www.econtalk.org/munger-on-price-gouging/