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Price gouging, or large increases in the prices of essential goods during an emergency, is illegal in 3 4 states. In the very short run

Price gouging, or large increases in the prices of essential goods during an emergency, is illegal in $34$ states. In the very short run when it is not possible to produce more of the good, the price increase is a result of $$ and results in a $$ of the good.

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Price gouging, or large increases in the prices of essential goods during an emergency, is illegal in 3 4 states. In the very short run

Price gouging, or large increases in the prices of essential goods during an emergency, is illegal in 34 states. In the very short run when it is not possible to produce more of the good, the price increase is a result of________ and results in a________ of the good.

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Price gouging, or large increases in the prices of essential goods during an emergency, is illegal in $34$ states. In the very short run when it is not possible to produce more of the good, the price increase is a result of $$ and results in a $$ of the good.