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After a Hurricane Hit Halifax, Local Retailers Increased the Price

Question 12

Multiple Choice

After a hurricane hit Halifax, local retailers increased the price of milk and gas by 50% in one day, even though all other stores in the province did not increase prices. These retailers were engaging in


A) conflict-of-interest pricing.
B) sharp business practices.
C) crisis-based pricing.
D) price gouging.
E) It is not possible to tell from the information that is given.

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