By raising their prices, they also price those with less money to spend out of being able to afford essential items.
The counter argument that "increased prices will entice manufacturers to increase production, driving down prices due to higher supply" is deeply flawed. People cannot wait several weeks for production to ramp up, if what they need is water, medical supplies and so on.
The better way to do it is to apply anti-gouging regulations and purchase limits per customer.
The counter argument that "increased prices will entice manufacturers to increase production, driving down prices due to higher supply" is deeply flawed. People cannot wait several weeks for production to ramp up, if what they need is water, medical supplies and so on.
The better way to do it is to apply anti-gouging regulations and purchase limits per customer.