Macroeconomics 8th Edition by David Colander

Exercise 5

Most religions argue that individuals should not fully exploit market positions. For example, the text makes it sound as if allowing prices to rise to whatever level clears the market is the best policy to follow. That means that if, for example, someone were stranded in the desert and were willing to pay half his or her future income for life for a drink of water, that it would be appropriate to charge him or her that price. Is it appropriate? Why or why not? (Religious)