______________raising the price of a product to take advantage of its popularity or scarcity

Name: ______________raising the price of a product to take advantage of its popularity or scarcity
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Price gouging refers to the unethical practice of raising the price of a product to an unreasonable or excessively high level, often taking advantage of the fact that the product is in high demand or scarce. This is typically considered exploitative and unfair to consumers, and in some cases, is illegal.

______________Raising the Price of a Product to Take Advantage of Its