Special offer for new customers: 5% OFF your first order! Use coupon: GWRITERSclose

discussion 4

Are Prohibitions Against Price Gouging Good or Bad?

Watch the video Stossel 2007- Price gouging (new window) (5:09). This is the link: https://criticalcommons.org/view?m=YEJFMgrrD

What happens to the prices of items like generators, fuel, plywood and ice during natural disasters?  Explain.  (Note:  supply and demand analysis is helpful here.)  Should government impose price controls?  If the controls keep the prices from rising, how will this affect the flow of these items into the disaster area?

You can leave a response, or trackback from your own site.
Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes