Would someone please provide a quantitative definition of price gouging so that we can all recognize it when it occurs?
Price Gouging is defined as a profit made by an evil Oil Company. As opposed to profits Apple makes on iPods.
Pray for W and Our Troops
That would be as difficult as providing such a definition for "cheating," "stealing," or "exploiting." But the inability to quantify the phenomenon doesn't mean that it doesn't exist, just that its dimension is qualitative.