So now people won’t be able to get the products at any price? (the Devil’s advocate/ Libertarian argument).
Soon we will have shortages everywhere, thanks to idiotic governments trying to protect us from “price gouging.”
Government should let the “invisible hand” do it’s work.
Hopefully customers will have long memories and rectify this issue by shopping elsewhere after this blows over.
And immediately,just like that, there are four intelligent posts on FR about this government intrusion into the market.
NYC has always been the home of the $1.00 5 cent candy bar.
So now the hardware store gets cleared out by one guy who sells them at street side stands with 100% markup.
But on the plus side, this is the refreshing gel type. Its, well, refreshing.
It is the nature of sheep to be fleeced.
It could have simply been an ACE Hardware Store. Their everyday prices can easily be mistaken for price gouging.
High Prices. ACE is the Place !
??? Drop. In. Bucket.
The best way to deal with people like this is word of mouth. Don't go there.
“Price gouging”, otherwise known as free market.
If you aren’t rewarded for keeping a larger inventory, then you won’t keep a larger inventory, and no one will have the supplies they need when they really need them.
Stupid commies!
This is the kind of crap Schumer would be doing if he wasn’t a politician.
There are still plenty of price gougers selling on Amazon.
As Petyr Baelish said: “Chaos is a ladder.”
None of the government’s business what a seller charges for their goods & services (unless that entity is a monopolistic regulated Public Utility.).
(but then, Baelish did end up with his throat slit by the little sister of a dissatisfied customer, so there is that downside of being a cutthroat profiteer.... sometimes you are a cutthroat profiteer, sometimes you meet someone with a sharper knife.)
Morons. Prices are the right way to have supply keep up with demand and keep people from buying more than they need.
I guess Cuomo and DeBlasio didn’t get their cut of the raised prices.
Buy when blood is running in the streets.
Only my wife can steal 850 million and get away with it
Raising prices in times of high demand and low supply is wise and in reality is the law.
The media hype for this disease is scaring people into panic buying. So when they find hand sanitizer at $4 a bottle, they buy 20 bottles, a 3X lifetime supply. Since there were only 25 bottles on the shelf, the next guy buys them and everyone else gets nothing. The greedy consigned the late to a painful death due to lack of hand sanitizer.
However, if the wise store owner raises the price to $10, buyer one quells the panic and buys 2 bottles, as does buyer 2. Thus saving lives.
Lesson in economics 101 is over Comrade Bill