Responding to Increased Demand with Overly Steep,and Often Unwarranted,price Increases

question 36

Multiple Choice

Responding to increased demand with overly steep,and often unwarranted,price increases is called ________.

• A) price fixing
• B) price matching
• C) unit pricing
• D) price gouging

---

Definitions:

Nativism

The political position that favors the interests of native-born inhabitants over those of immigrants, often accompanied by anti-immigrant sentiments and policies.

Economic Competition

involves the rivalry among businesses to attract customers and achieve higher sales, profits, and market share in an industry.

Trail of Tears

The Trail of Tears denotes the forced relocation during the 1830s of Native American nations from their ancestral homelands in the southeastern United States to areas west of the Mississippi River, leading to significant death and suffering.

Removal

Often refers to the forced displacement of people from their land or homes, historically seen in contexts like Indigenous removal policies or urban redevelopment.