What is the term used to describe a situation when increased demand leads to overly steep and often unwarranted price increases?
A) price fixing
B) price matching
C) price stabilization
D) price gouging
E) price comparison

Question

Quizplus · Accepted Answer

D)For example, when residents of a coastal area are warned about a possible hurricane, they often flock to retailers to stock up on bottled water and batteries; unfortunately, some retailers take advantage of this pattern by vastly marking up their prices.

What Is the Term Used to Describe a Situation When