Question

Suppose that a hurricane hits both north carolina and south carolina. north carolina has severe price-gouging laws in place while south carolina has none. both states have a shortage of ice. which state will recover from its ice shortage more quickly?

Answer 1

Suppose that South Carolina doesn't have laws against price-gouging, profiteering unreasonably it would be harder for the state to recover from the disaster. Commodities and gas would likely have higher prices where people would be forced to buy even if they don't have enough money because they don't have a choice. North Carolina would be more stable enough to recover since they have stricter policies to help their constituents during the calamity and be able to meet their needs by having affordable access to goods.