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.
More Definitions of Price gouging
Price gouging means charging a consumer an unconscionably high price for
Price gouging means an unconscionable increase in the price of a prescription drug.
Price gouging means an unconscionable increase in a prescription drug's price that:
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 a
Price gouging generally means “the action or practice of increasing prices sharply, esp. to take advantage of high demand,” 2 but has a much more limited meaning in New York law. In New York, price gouging occurs only when, during an abnormal disruption of the market for an essential product, 3 triggered by an enumerated list of causes (“triggering events”), a seller charges an unconscionably excessive price for that product. An unconscionably excessive price could be one that is (i) unconscionably extreme, or (ii) set using an exercise of unfair leverage or unconscionable means, or (iii) grossly disparate from either prices charged by the same seller before the disruption or prices charged by other sellers in the trade area without a justified increase in the seller’s costs.
Price gouging means charging a consumer an unreasonably high price for any drug