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Thursday, January 28, 2021 Businesses regularly engage in promotional pricing and discounts as a sales strategy to attract customers. However, what happens if a business enacted a promotional price right before the pandemic struck and price gouging laws were triggered? Are those businesses stuck with those promotional prices until states of emergency come to an end and price gouging laws are turned off? Some state price gouging laws explicitly provide an exception for promotional or discount pricing. And while other states are silent on the issue, that doesn’t mean businesses are without a defense. Some state price gouging laws specifically address promotional pricing. Mississippi’s price gouging law, for example, includes a provision providing that “[t]he prices ordinarily charged for comparable goods or services in the same market area do not include temporarily discounted goods or services.” Miss. Code Ann. § 75-24-25. Rhode Island’s ....
Ten states haven t done this. i think the data from those west coast places should suggest to governors and others this will be effective but you have to do it asap. right. senator. first, my state has not done a statewide stay at home order. we re one of those ten states. the governor really has his priorities straight. he made sure nobody will have to pay a late penalty for renewing their conceal and carry license but declined to issue a stay at home order for the sdtate. we have real problems here in my state. i did a lot of work around government contracting. i understand war profiteering like went on in the iraq war. what is happening right now is profiteering because of supply and demand. the federal government has the ability to stop this. price gouging laws don t generally apply to government ....
During the storm to only life-threatening emergencies. do not call 911 if you have water in your house. however, if you are trapped in your house by that rising flood water, that is the time to call 911. back here in north carolina, when you declare a state of emergency, that automatically triggers price gouging laws that state attorney general asking people to report any suspicious increases in prices on the essentials that people may need during the storm. harris? harris: jonathan, thank you very much. i m sitting on the associated press wire, washington, d.c., s mayor has also declared a state of emergency. this is a little bit farther north now than we had been seeing. the reaction from authorities. let s talk now with the lieutenant governor dan by phone. lieutenant governor, thank you for joining us. think if you have a neon, harris. harris: you are doing your ....
Are short. preparing for flooding and potential flower. says it s currently operating normally at this point. we have rental car companies like hers and a voice thinking some people will rent more cars in order to drive away. last year during the atlantic hurricane season doubling. warning virginia of the state s price gouging laws in r. in effect. this includes necessities like lodging, gas and food. price increases we know are expected but if residents feel they are being ripped off, they should take a picture. note the price they are paying, the difference in the price they are paying compared to elsewhere and make a complaint. neil, back to you. neil: you know, what type of people would take advantage of people at a time like. this hopefully not many. neil: it always happens, susan, thank you very, very much. people should heed families like the fazios in dealing with crisis. they are few and far ....
People ic advantage of other people but i ll second gary b and say prices and economics are just information telling us about scarcity so you stop the price gouging by stopping the scarcity. price gouging laws that forbid it actually contribute to greater scarcity. dagen: well it s a palling behavior and i m glad i m not near any of the people gouging because they are going to get that. thanks guys and thanks for joining us. thank you. dagen: humanity showing its best side as harvey wrecked parts of texas and louisiana, a company that s stepping up to help the victims out, next. ....