Sharp Increases in the Price of Gasoline Following September 11,2001,is

question 132

Multiple Choice

Sharp increases in the price of gasoline following September 11,2001,is an example of ________.

• A) price fixing
• B) price matching
• C) price gouging
• D) price segmentation

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Definitions:

Expectations

Expectations refer to the beliefs or forecasts about future events or outcomes, often based on past experiences or evidence.

Justice

The principle of fairness and moral rightness in the treatment of individuals, especially in the administration of laws.

Liability

The state of being legally responsible for something, such as a debt or obligation.

Statutes

Laws enacted by legislatures at the federal or state level, which serve as the written rules and regulations that govern society.