Is Price Gouging Misguided?

Price gouging is itself this sort of nebulous thing that lawmakers or law enforcement can point to and say, your dute. Under this type of bill, a firm could technically be kind of investigated for raising candle prices if if demand had gone through the roof,. If that didn't reflect an increase in the cost to them of obtaining or or making candles. And now that really misunderstands how the supply demand dynamics shape price in a market economy. But fundamentally, wherei again, think it's misguided is it just doesn't really consider any role for demand shifts in effecting prices.