“The price gouging law makes it unlawful to charge a price that is grossly in excess of the price charged prior to the emergency.”
I notice that brain dead liberal law makers make laws with wording like this. What happens if a business in that state buys a product from another place and the price has gone up for that business to purchase a product. This could be due to price gouging, but it could also be due to a shortage of ingredients driving the price of the final product up.
Now does this mean that if say Wal-mart has to pay 50% more to stock the product then they can only charge 10% more than they were before. Which means that Walmart would now have to pay the customer to take its product. They would have to take a huge loss. Then if I were Wal-mart then I would not order any more product and it would never be in stock.
So because the law is written this way then it insures that a product may become unavailable at any price.
The price that a business pays to stock the product must be taken into account. But Socialist’s can’t understand that.