The Impact Of The Nashville Floods
In addition, consumers were victims of price gouging as sellers were increasing the prices because they knew consumer’s demands were at an all time high. Many vehicles were despondent due to being placed underwater or out of gas due to the floods. Furthermore, gasoline was so scarce that city buses were not even running due to the gas scarcity. Many individuals relied on the city buses to get them where they needed to go, but they were not fully functional because of either lack of gas, increase in gas prices, or many areas were still covered by water. Furthermore, many consumers utilized the city buses daily to get to and from one location to another, but this was highly prevented due to the water covering the city and a lack of the product needed to supply the buses with what they needed to …show more content…
Many sellers knew that this commodity was essentially needed for consumers to get to work, to various stores and for other errands that had to be completed that they felt the need to price gouge.
I chose to look at the supply aspect of gasoline after the Nashville Flood natural disaster and how the supply was affected. Supply was affected due to the lack of the product suppliers were willing to