Price gouging definition

Price gouging means any unconscionable increase in the price
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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.
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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.
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Examples of Price gouging in a sentence

  • 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 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 refers to artificially inflated prices on necessities, frequently seen after a disaster.

  • In December 2004 the United States and Canada agreed to inner the implementation of abundant Safe Third by Agreement between our two countries.

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

  • Price gouging is illegal in Missouri.Missouri law prohibits individuals and businesses from substantially raising their prices for the necessities of life during such an emergency.

  • The issues raised consistently centred around:• Price gouging with the charging of excessive towing and storage fees compared to charges applicable in other jurisdictions for equivalent services.

  • Price gouging complaints during a state of emergency in Virginia can be filed with the Office of the Attorney General (OAG): https://www.oag.state.va.us/consumer- protection/index.php?option=com_content&view=article&id=181#:~:text=File%20a%2 0Price%20Gouging%20complaint,Office%20of%20Weights%20and%20Measures.

  • Price gouging is an ugly phrase, but as indicated above, that is exactly what prisoners’ family members and friends experience when they accept collect calls from their imprisoned loved ones.


More Definitions of Price gouging

Price gouging means an unconscionable increase in the price of a prescription drug.
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Price gouging means charging a consumer an unconscionably high price for
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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.
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Price gouging means an unconscionable increase in a
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Price gouging means an unconscionable increase in the price of a
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Price gouging means charging a consumer an unreasonably high price for any drug
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Related to Price gouging

  • Price Gap means the following:

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

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

  • Congestion Price means the congestion component of the Locational Marginal Price, which is the effect on transmission congestion costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource, based on the effect of increased generation from or consumption by the resource on transmission line loadings, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix.

  • PRICE DATA The Contractor has furnished a price list for the new period for authorized purchasers. The State agrees to notify all authorized purchasers of the existence of this Contract and to give the specific instructions relative to the procedures to be followed in making purchases under the provisions hereof. Entities making purchases over $50,000 may consider obtaining two competitive quotes from the authorized dealers’ list on this manufacturer’s contract. If this manufacturer does not have a dealers’ list, the manufacturer should be prepared to submit a quote. PAYMENT: Payment for commodities or equipment purchased under the provisions of this Contract shall be made to the Contractor or to the authorized dealer making delivery in accordance with Miss. Code Xxx. §§ 31-7- 301, et seq. (as amended). Such payment is to be made only upon receipt, by the authorized purchaser, of properly certified invoices, which are priced strictly in accordance with the pricing provisions of this Contract.

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Blend means seed consisting of more than one variety of a kind, each in excess of five percent by weight of the whole.

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • Feedstock means any controlled substance or new substance that undergoes chemical transformation in a process in which it is entirely converted from its original composition and whose emissions are insignificant,

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

  • Ethanol blended gasoline means the same as defined in section 214A.1.

  • Hammer Price means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;

  • 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.

  • Price Level means the price of the Share last determined and published by the Exchange on any day (official closing price).

  • Blendstock means and includes any petroleum product component of motor fuel, such as naphtha, reformate, or toluene; or any oxygenate that can be blended for use in a motor fuel.

  • Biodiesel blend means a fuel comprised of a blend of biodiesel fuel with petroleum-based diesel fuel, suitable for use as a fuel in a compression-ignition internal combustion diesel engine.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

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

  • Prices includes all applicable taxes less all unconditional discounts;

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere.

  • Benchmarked Price means the higher of:

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Base Purchase Price has the meaning set forth in Section 2.2.