Quote:
Originally Posted by retiredguy123
I have a different take on this topic. A business has the right to charge whatever they want for their product or service. That is capitalism. Price gouging only occurs when a business is taking advantage of people as a result of a special situation where the customer has no other choice but to pay an excessively high price for an essential product. Washing a car is not a special situation where price gouging applies. If you don't want to pay $34 for a car wash, then go somewhere else. But, it is not price gouging. The business has no obligation to charge based on their costs.
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This is true, a business can charge any price they want. They just have to make sure that people are willing to pay it too. Supply and demand. The supply doesn’t matter if there is no demand.