When several hurricanes hit florida in 2004, a number of local governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. in the areas where the controls were imposed, they resulted in?

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Brooks Case

Business

28 May, 10:12

When several hurricanes hit florida in 2004, a number of local governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. in the areas where the controls were imposed, they resulted in?

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Isabella Harper · Answer 1

In 2004, when there were quite a lot of hurricanes in Florida, some local governments enforced price controls that disallowed sellers from raising the cost of badly needed products. In these areas where the price controls were implemented, they resulted in a reduced availability of these badly needed products.