What is the likely effect of such a law

Reference no: EM131346044

After a major earthquake struck Los Angeles in January 1994, several stores raised the price of milk to over $6 a gallon. The local authorities announced that they would investigate and that they would enforce a law prohibiting price increases of more than 10% during an emergency period. What is the likely effect of such a law?

Reference no: EM131346044

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