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Under Republic Act No. 7581, also known as the Price Act in the Philippines, the responsibility for hoarding lies with individuals or entities that unlawfully stockpile essential goods to manipulate prices or create artificial shortages. The law aims to protect consumers from unfair pricing practices by penalizing those who engage in hoarding. Violators may face fines and imprisonment as penalties for their actions. The Department of Trade and Industry (DTI) is tasked with the enforcement of this law and monitoring compliance.

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