232k views
4 votes
anti price gouging laws are designed to help consumers during a time of crisis. explain why a warm hearted individual might oppose such laws

User RParvathi
by
9.1k points

1 Answer

3 votes

Final answer:

A warm-hearted individual might oppose anti-price gouging laws because they believe in the principles of free market economy and the importance of supply and demand.

Step-by-step explanation:

A warm-hearted individual might oppose anti-price gouging laws because they believe in the principles of free market economy and the importance of supply and demand. They may argue that such laws interfere with the natural functioning of the market and can lead to unintended consequences.

For instance, if prices are capped during a time of crisis, it may discourage suppliers from entering the market and limit the availability of essential goods. Additionally, it may create incentives for hoarding and black market activities.

It is important to note that while some individuals might oppose anti-price gouging laws, others argue that these laws are necessary to protect vulnerable consumers during times of crisis.

User Jaaq
by
9.0k points