Price Gouging - Not as Bad as You Think

If you've been watching the news about hurricane Sandy, you've probably heard something about price gouging. Price gouging is a natural response to the rise in demand during a crisis. Many say it is immoral and the government forbids it, yet economists say that price gouging may actually help. This infographic, brought to you by Best Criminal Justice, gives us plenty to think about it with regards to the merits of price gouging.