New England businesses were trying to sell lumber for 50 percent above their regular prices right after 2011 hurricane Irene hit. This is an example of:

Question

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Price gouging refers to the act of raising prices excessively during times of crisis or emergency. The attempted selling of lumber for 50 percent above regular prices after Hurricane Irene is an example of this.

New England Businesses Were Trying to Sell Lumber for 50