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13 June, 08:22

When businesses raise the price of a needed product or service after a natural disaster, this is known as.

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  1. 13 June, 10:46
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    When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.
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