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navik [9.2K]
3 years ago
7

How might the market imbalances caused by an anti-price gouging law be dealt with?

Business
1 answer:
Nataly [62]3 years ago
5 0
When a company price gouges they are increasing the price of a good or service in relation to the demand or supply of the item. If there is an anti-price gouging law in place, that means that a company is not allowed to change the price of their product even when the market for it is high. 
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Explanation:

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The area above the supply curve and under the equilibrium price level is known as producer surplus.

Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.

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True or false? Almost every phase of business and economic activity falls under some form of government regulation.
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3 years ago
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Hello,

Here is your answer:

The proper answer to this question is option A "<span>motivation, humility, and decision making". You honestly need motivation, humility, and decision making skills in order to be successful.

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If you need anymore help feel free to ask me!

Hope this helps!</span>
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3 years ago
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