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In the story, Ramon Fernandez initially found it repugnant and unfair that the price of a...

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Economics

In the story, Ramon Fernandez initially found it repugnant andunfair that the price of a flashlight at “Big Box” would increaseso dramatically after the earthquake; that is, until he metProfessor Ruth Lieber.  Apply the basic economic logic ofsupply and demand analysis to describe and explain the economicbenefits of allowing prices to rise, sometimes by a large amount,in the aftermath of a natural disaster, such as an earthquake,hurricane, or tornado.

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3.9 Ratings (634 Votes)
A natural disaster is a clamity that can not be stopped by humans we can only anticipate its arrival and in most cases we are left just to analyse and reduce the after math So when a natural disaster hits    See Answer
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