Discussion Board

Discussion Board #5

This Forum is based on Chapter 7. Please read Chapter 7 very well and participate at the Discussion Board and make this forum lively.
What is price gouging and why is it illegal? Watch the following video to see why price gouging may actually help those in need.

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Consumer Surplus
The Economic Effects of Higher Wheat Prices
Who is helped and who is hurt by higher wheat prices? Watch the following video to find out!

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Producer Surplus