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Price gouging laws O are necessary and proper to ensure an adequate supply of the product during times of emergency. O keep distressed markets in

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Price gouging laws O are necessary and proper to ensure an adequate supply of the product during times of emergency. O keep distressed markets in equilibrium by maintaining "normal" prices. O reduce the incentive for sellers to make more units of a product available. O are enacted to encourage government-sponsored relief efforts. O have little effect on distressed markets and thus are irrelevant

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