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Yes, price gouging creates a deadweight loss.

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Yes, price gouging creates a deadweight loss.

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no because 4 special occasions certain families might not be able 2 pay 4 the raised prices due 2 price gouging

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sudden increase in demand.

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Price gouging is considered bad by most people because it makes the price of things go up much higher than they should be, so that only the wealthy can afford them. In other words, it amplifies the suffering of the poor during a disaster. Many people think of gas prices when they think of price gouging.

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Price gouging prevents poor people that need a good from purchasing it, while encouraging hoarding by wealthy customers who don't actually need what they're buying.

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