Question
Please read the following article and respond to the questions below. Please comment on at least two other people's responses: https://www.nbcnews.com/politics/politics-news/states-push-price-gouging-measures-coronavirus-fuels-consumer-fears-n1163846 1. Based on your
Please read the following article and respond to the questions below. Please comment on at least two other people's responses:
https://www.nbcnews.com/politics/politics-news/states-push-price-gouging-measures-coronavirus-fuels-consumer-fears-n1163846
1. Based on your understanding of the article above, what caused the price gouging?
2. Laws prohibiting price gouging in the case of a natural disaster might create a market disequilibrium, do you think the same thinking applies to the situation described in the article and why?
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