Question: After a heavy snowfall, hardware stores often experience a run on snow shovels and other snow removal equipment. However, they rarely raise prices even though

After a heavy snowfall, hardware stores often experience a run on snow shovels and other snow removal equipment. However, they rarely raise prices even though there is a temporary spike in demand. What considerations, legal and otherwise, do you think govern their actions?

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Raising prices when unexpected demand for any product or service creates temporary shortages ... View full answer

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