Price gouging has a specific meaning. It’s when costs are raised rapidly only because people are desperate and have no other choice. (e.g. water after a disaster)
Retailers raising prices in reaction to an incoming event that will take supply away from everyone is not that.
Price gouging has a specific meaning. It’s when costs are raised rapidly only because people are desperate and have no other choice. (e.g. water after a disaster)
Retailers raising prices in reaction to an incoming event that will take supply away from everyone is not that.