During our time of COVID-19 panic. Online businesses and pharmacies are price gouging the price of...
During our time of COVID-19 panic. Online businesses and pharmacies are price gouging the price of face masks.
A part from a price ceiling.... What is another government economic policy that can be implemented to prevent price gouging and shortages during a panic?
Thank you
Homework Answers
Government can reduce any import duty if they have on these goods to inrease the imports of the goods in the market, they can increase the supply of the goods by increasing the production, or put export taxes and reduce the export of these goods to the other markets, this will lead to an increase in the supply that can meet the excess demand for the goods.
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