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If one really believes that price spikes known as "price gouging" are due to a surge in greed among

Sublight2097

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9 years ago

If one really believes that price spikes known as "price gouging" are due to a surge in greed among

If one really believes that price spikes known as "price gouging" are due to a surge in greed among suppliers, then
A) they haven't quite mastered the economic way of thinking.
B) their comfort in knowing that thousands if not millions of others agree with them is not sufficient economic evidence to conclude that their claim is correct.
C) their claim implies that significant price decreases are due to a sudden reduction in greed among suppliers.
D) all of the above are true.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 443 times

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Sublight2097 Author

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9 years ago

Another one in the books, marking it solved.

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Smoooth

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9 years ago

No problemo Happy Dummy

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