Price gouging definition

Price gouging means any unconscionable increase in the price
Price gouging means increasing prices for essential goods and services during or after an impending or actually emergency such as a hurricane, earthquake, or other natural or manmade disaster.
Price gouging means an unconscionable increase in the price of a prescription drug. “Unconscionable increase” means an increase in the price of a prescription drug that (1) is excessive and not justified by the cost of producing the drug or the cost of appropriate expansion of access to the drug to promote public health and (2) results in consumers for whom the drug has been prescribed having no meaningful choice about whether to purchase the drug at an excessive price because of the importance of the drug to their health and insufficient competition in the market for the drug.

Examples of Price gouging in a sentence

  • Price gouging is even more reprehensible during a time of disaster after issuance of a state of emergency.

  • Price gouging, however, will be presumed if the average manufacturer price has increased (1) 10% or more over the preceding year; (2) 20% or more over the preceding 3 years; or (3) 30% or more over the preceding 5 years.

  • Price gouging is even more reprehensible after a natural disaster.

  • Price gouging occurs when businesses take unfair advantage of consumers during abnormal market disruptions caused by natural or man-made disasters by charging grossly excessive prices for essential consumer goods and services.

  • Price gouging during declared disaster prohibited - deceptive trade practice - legislative declaration - definitions.

  • Price gouging refers to artificially inflated prices on necessities after a disaster, natural or otherwise, so consumers should be aware of products that have suddenly seen large increases in price.

  • Price gouging refers to the sudden and often dramatic increase in the price of goods and/or services that are in demand following such disasters.

  • Price gouging is often deemed unethical and, therefore, an illegal business tactic.

  • Price gouging statutes in other states show many similarities with the New York statute.

  • Price gouging is unlawful and against public policy in Texas, and the prices Defendants charged are procedurally and substantively unconscionable.


More Definitions of Price gouging

Price gouging means charging a consumer an unconscionably high price for
Price gouging means charging the consumer a price that is grossly in excess of the price at which similar property or services are sold within a twenty (20) mile radius without economic justification.
Price gouging means an unconscionable increase in the price of a
Price gouging means an unconscionable increase in a
Price gouging means charging a consumer an unreasonably high price for any drug

Related to Price gouging

  • Price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Cost price means the actual cost of an item or article of tangible personal property computed in the

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • SFO means the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong);

  • Benchmarked Price means the higher of: