Which of the Following Is True of Price Gouging

question 90

Multiple Choice

Which of the following is true of price gouging?

• A) Price gouging is a natural phenomenon.
• B) Laws limit price gouging between 50-60 percent.
• C) State officials warn against price gouging.
• D) Change in government leads to price gouging.

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Definitions:

Finance

The study of money; how it’s made, how it’s lost, and how it’s managed.

Delegation of Authority

The process by which responsibility and authority are transferred from one person or group to another, often to ensure tasks and decisions are made effectively.