Many times after natural disasters such as hurricanes, prices are controlled so that it is illegal to charge any price greater than "pre-hurricane" levels. For consumers who value these goods very highly, is this a good policy? If prices were allowed to increase, what do you think would happen to supply of these highly valued goods? Explain.

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The Answer of Many times after natural disasters such as hurricanes, prices are controlled so that it is illegal to charge any price greater than "pre-hurricane" levels. For consumers who value these goods very highly, is this a good policy? If prices were allowed to increase, what do you think would happen to supply of these highly valued goods? Explain.

Many Times After Natural Disasters Such as Hurricanes, Prices Are