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lttltfhen a vendor raises the price of products, services, or commodities well aho considered acceptable or fair, this is known as price gouging. It usually
lttltfhen a vendor raises the price of products, services, or commodities well aho considered acceptable or fair, this is known as price gouging. It usually happens whe sudden increase in demand for a particular product, service, or item, such as d ' disasters or emergencies. In times like this, demand for nonessential products drops, causing many companies to lose prots they were used to. In order to make loss, retailers can increase the prices of essential products to stay in husiness. On the when demand for basic goods or services spikes unexpectedly, supply may rapi scarce, driving up prices. A simple example is COVIDlg pandemic. Governments are encouraging people social distancing and selfisolation in order to help reduce the virus's spread. Owing of people planning to remain at home for the near future, an unexpected result is a l supplies such as hand sanitizer and disinfectants etc. As a result, reports of price g such items have surfaced
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