03 Aug Reply To Price Gouging
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After looking over the video discussing the generators that were attempted to be distributed through price gouging, my thoughts on the topic is that price gouging is in actuality is a way to contribute toward personal benefits during a time of natural disaster and done for more of the sellers benefits other than the consumers. My concept from this video is no one can be a hundred percent ready for a natural disaster, so more than half of the population falls in to the victim range. If you’re a victim of a natural disaster as a victim, you should not have to dish out money because of an uncontrollable event that occur with money that’s you don’t have to spend. A natural disaster is an uncontrollable circumstance that for someone who is not a victim should not be able to benefit and take excess money from those that have lost everything under unfortunate circumstances. Graph A and graph C is what would be the best fit in a natural disaster of price gouging. All Daily living necessities such as water, food, generators, and gas would fall into both graphs A and C.
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