A useful definition of price gouging

Reference no: EM13692744

A useful definition of price gouging? When is a demand induced price increase considered price gouging, and when is it not? Does the answer depend on the speed or level of the price increase? Does it depend on the type of good? When real estate prices surged a few years ago ("housing bubble") why wasn't that called price gouging?

Reference no: EM13692744

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