Should price increases for products in demand be allowed
Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
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a why do governments raise taxes on cigarettes and alcohol to raise government revenuesb- what changes do you make to
the equilibrium price and quantity in a market usually produces allocation efficiency because marginal benefit and
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the demand for luxury goods is more price elastic than is the demand for necessities why do you believe this is the
should price increases for products in demand be allowed during extreme times of demand eg bags of ice water or hotel
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