When a firm increases the price of a good or service because of an increase in demand, what unethical practice are they potentially engaging in?
A) Consumerism
B) Collusion
C) Unfair pricing
D) Collaboration
E) Price gouging

Question

Quizplus · Accepted Answer

E)Firms can also come under attack for price gouging, responding to increased demand with overly steep (and often unwarranted)price increases.

When a Firm Increases the Price of a Good or Service