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It’s not gouging or taking advantage
Posted on: February 7, 2020 at 08:58:55 CT
pickle MU
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it’s a critical market response to allocating limited supply in sudden increased demand. If prices are artificially kept low, the resource will run out quicker and fewer people will benefit. For example, if hotel prices are forced to be kept low, then a single family could rent out three rooms (parents, kids, grandparents), but if the price were adjusted to meet demand, then they may only get one room leaving two others open for other families
Edited by pickle at 09:00:55 on 02/07/20
Edited by pickle at 09:00:55 on 02/07/20
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It’s not gouging or taking advantage - pickle MU - 2/7 08:58:55