Question

Question1

Read about the Georgia’s price control policies. Then answer the following questions about emergency controls in the state.

Part A
Using an online dictionary, define the term “price gouging.”

Answer 1

"price gouging" is defined as "charging customers too much money for goods or services that are in high demand, especially during an emergency." It refers to the practice of raising prices to an unfair or excessively high level during times of crisis or emergency, when demand for certain goods or services exceeds supply.