Several states have laws prohibiting businesses from increasing prices in response to a natural disaster such as
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Several states have laws prohibiting businesses from increasing prices in response to a natural disaster such as a hurricane or during a declared state of emergency like the COVID-19 pandemic. In what ways is this legislation like a price control? Do these laws increase or decrease the quantity of needed supplies available in the affected areas? How do they affect the efficiency with which the limited supplies are allocated?
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Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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