this post was submitted on 03 Oct 2023
169 points (97.7% liked)

Television

4629 readers
1 users here now

Redirected - Please see [email protected]

founded 2 years ago
MODERATORS
 

Streaming competitor Disney+ is looking to boost revenue with live sports tier

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 1 year ago (1 children)

No, price gouging has a specific meaning relating to spikes in demand often in conjunction with a disaster, like doubling gas prices during a hurricane.

But raising prices for a non-essential good will probably never be gouging.

[–] [email protected] 6 points 1 year ago

also, peak pricing is generally legal, price gouging isn't illegal everywhere, and the definition is sometimes vague due to, you know, how vague the concept is—the definition usually includes some version of "excessive" or "extreme" pricing.

So like, if you have trouble getting food into your grocery store after a disaster, and you have to charge a little more, you're probably safe—the idea behind price gouging ins more what happens when all the grocery store owners quadrupled their prices as they twist their moustaches and laugh, saying, "what are you going to do, not eat?"