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A situation where very high prices are charged from customers for a limited period of time is known as

A situation where very high prices are charged from customers for a limited period of time is known as Correct Answer Gouging

Price gouging occurs when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair.

Usually, this event occurs after a demand or supply shock. Common examples include price increases of basic necessities after natural disasters.

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