How would high prices helped to make economy functions

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Reference no: EM132148957

Question: Supply and Demand, A Process of Coordination

What would have happened if there had been no laws against price gouging and the price of gasoline immediately after Sandy had hit $50 per gallon? You may certainly wish to comment on ways that life would have been worse but I want you to specifically comment on ways that life would have been better for New Yorkers. How would high prices have helped to make economy function better?

Reference no: EM132148957

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