Price Gouging After a Disaster Is Good for the Public

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Question

After Hurricane Maria hit Puerto Rico, the Wall Street Journal published an article entitled, "Price Gouging After a Disaster Is Good for the Public". Using concepts discussed in the course, which of the following arguments support this position? Group of answer choices Price gouging encourages more suppliers to produce and consumers to buy only what they need. Price gouging signals consumers to conserve and buy less, and suppliers to conserve and produce less. Price gouging builds customer loyalty and demand, which is important for a company's long-term reputation. Price gouging helps consumers feel that they haven't been exploited.

Reference no: EM133629893

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