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Texas laws prohibits price gouging, which is recognized when some sellers take advantage of buyers and excessively raise the prices of necessary goods during declared
Texas laws prohibits price gouging, which is recognized when some sellers take advantage of buyers and excessively raise the prices of necessary goods during declared emergencies, such was the case during Hurricane Harvey in 2017. Which of the following is true about the Texas policy that prohibit "price gouging"? Question 7 options: This policy protects the sellers from having surpluses (excess supply) of their supplied products during declared emergencies. This policy helps reaching the market equilibrium prices of all products during declared emergencies. This policy helps reaching the market equilibrium prices of only the necessary products during declared emergencies. None of the above
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