Which is MOST likely to happen if there are price gouging laws imposed after a natural disaster?
a. Some people will buy milk for their coffee or tea but parents may not be able to find milk for their children.
b. Plywood manufacturers will divert plywood to the affected area to quicken rebuilding.
c. Vendors will increase the amount of ice available to prevent food from spoiling.
d. Markets will find new equilibria at the controlled prices that eliminate any shortages.