When a business charges exorbitant prices for necessities, typically in the aftermath of a natural disaster or pandemic, it is referred to as
A) predatory pricing.
B) price fixing.
C) price gouging.
D) price discrimination.

Question

Quizplus · Accepted Answer

Price gouging refers to the practice of raising prices on essential goods to unreasonably high levels, often in response to increased demand during emergencies like natural disasters or pandemics.

When a Business Charges Exorbitant Prices for Necessities, Typically in the Aftermath