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Economics, Economic History
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Thr 1991 Rochester, New York serious ice storm
In 1991, Rochester, New York, had a serious ice storm. Electric power was out in houses for days. The demand for power generators increased dramatically. Yet the local merchants did not increase their prices, even though they could have sold the units for substantially higher prices. Why do you think that the merchants adopted this policy?
By OTA: Kristen Swisher, MA
OTA Rating: 4.4/5
Your Price: $2.19 (original value ~$3.99)
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