The act of charging a higher than reasonable price for a good that occurs following some kind of natural disaster or event is called _____.
A) price gouging
B) price fixing
C) hoarding
D) shilling
E) infiltrating

Question

Quizplus · Accepted Answer

Price gouging refers to the practice of taking advantage of a demand surge such as that following a natural disaster or other catastrophic event, by raising the price of goods or services to a level much higher than is considered reasonable or fair.

The Act of Charging a Higher Than Reasonable Price for a Good