Reynaldo,
I agree with you that there are many different pros and cons to price gouging. It is true that in theory raising the price of necessities such as food, water, and gasoline during a natural disaster could lead to people buying fewer items. However realistically from my personal experiences when a natural disaster takes place people tend to panic and find a way to round up enough money to get double of what they actually might need.
On a similar matter, you made an excellent point in your post when you stated that during a natural disaster the demand for items such as food and water increases. I agree with you that the prices does need to increase on these items to help pay for the rushed shipping, so people can receive the supplies
I agree with you that there are many different pros and cons to price gouging. It is true that in theory raising the price of necessities such as food, water, and gasoline during a natural disaster could lead to people buying fewer items. However realistically from my personal experiences when a natural disaster takes place people tend to panic and find a way to round up enough money to get double of what they actually might need.
On a similar matter, you made an excellent point in your post when you stated that during a natural disaster the demand for items such as food and water increases. I agree with you that the prices does need to increase on these items to help pay for the rushed shipping, so people can receive the supplies