Why Is Price Gouging Bad
303 Words2 Pages
In the following film “Is price gouging bad?” First price gouging is usually defined as raising prices on certain kinds of goods to an unfair or excessively high level during an emergency. Price gouging is illegal in 34 states and many of people believe and wonder if price gouging should be legal. Prices send extremely valuables signals about what is really needed, what is scarce, and what is really hard to come by. Price gouging occurs because when a tragedy or disaster hits somewhere or business owners see a great opportunity to make a huge amount of profit than normal by changing the prices extremely high, but only the highest that consumers are still willing to buy. This separates the goods for the people who are in desperate need for