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People often complain about price gouging after a disaster such as a hurricane. Suppose the government successfully prevented price increases due to the disaster. We would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly. reconstruction to take less time because the demand for materials would increase faster. reconstruction never Occur. reconstruction to take less time because the government could rebuild more quickly when people are not in the way.

People often complain about price gouging after a disaster such as a hurricane. Suppose the government successfully prevented price increases due to the disaster. We would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly. reconstruction to take less time because the demand for materials would increase faster. reconstruction never Occur. reconstruction to take less time because the government could rebuild more quickly when people are not in the way.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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People often complain about price gouging after a disaster such as a hurricane. Suppose the government successfully prevented price increases due to the disaster. We would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly. O reconstruction to take less time because the demand for materials would increase faster. reconstruction never to occur. reconstruction to take less time because the government could rebuild more quickly when people are not in the way.
Transcribed Image Text:People often complain about price gouging after a disaster such as a hurricane. Suppose the government successfully prevented price increases due to the disaster. We would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly. O reconstruction to take less time because the demand for materials would increase faster. reconstruction never to occur. reconstruction to take less time because the government could rebuild more quickly when people are not in the way.
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