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Many states have laws against price gouging that say in the wake of a natural disaster like a hurricane, or a typhoon, or an earthquake, vendors may not increase the price of basic supplies such as bottled water, batteries, flashlights, gasoline for people’s cars, and etc. Meanwhile, there are disagreements about whether these laws are a good idea.
What do you think about anti-price-gouging laws?
Should shop owners be free to raise prices in the aftermath of a hurricane for bottled water? Or should the law prevent that?
Share your thoughts.
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