Suppose a major storm takes the pipeline for gasoline "offline" for a short period of time. During that time, the price of gasoline sold increased 30%. Some will label this as "price gouging". Using concepts from this unit, formulate an argument that either supports or refutes this label?

Answer rating: 100% (QA)

Price gouging refers to the practice of charging excessively high prices for essential goods or serv... View the full answer