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Tamiku [17]
4 years ago
10

When businesses raise the price of a needed product or service after a natural disaster, this is known as .

Business
2 answers:
Anon25 [30]4 years ago
6 0

When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.

Annette [7]4 years ago
3 0

Answer:

price gouging

and it sucks

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