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To: SuziQ
The relatively small change in the price of gas is one thing. Someone coming in, buying up all the generators available in an area, then setting up shop selling those same generators for THREE times the price is most assuredly GOUGING! This is what was happening in Jackson, MS this week.

I guess the hardware store should have raised prices appropriately so that people don't come in and buy up all the generators. Keep an item that is in demand at an artificially low price will cause the hoarding that you see.

292 posted on 09/03/2005 5:06:56 PM PDT by OCgolfer
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To: OCgolfer
I guess the hardware store should have raised prices appropriately so that people don't come in and buy up all the generators. Keep an item that is in demand at an artificially low price will cause the hoarding that you see.

My real world experience is that good businesses like Home Depot bring in extra supply before and after a hurricane and they usually stay open extended hours. People get what they want, and Home Depot does a great business, making lots of money at its usual prices or just a bit more to cover their costs. Everbody's happy and it's a win-win situation. So why should Home Depot and their customers be distracted from their good work just to keep a few charlatans from cornering the market?

297 posted on 09/03/2005 5:52:08 PM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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