Scrap Iron in Texas Wrote:
Nov 14, 2012 1:03 AM
Here s another example of " price gouging" that helps everyone. D-cell batteries cost $1 each. A storm is coming and the merchant knows that he will not be resupplied for several weeks. He raises the price to $4 per battery. Thise who realize they will need batteries will buy the five they need for $20, instead of the 20 they could have bought. This leaves batteries available for three more families who also need 4 batteries. Now everyone has what they need, and they still spent what they would have.