Price Controls Mean Shortages, Even during Pandemics

Price Controls Mean Shortages, Even during Pandemics:

"if Retailer A wants to charge eighty dollars for hand sanitizer, this creates an opportunity for competitors to charge less. In this case, the retailer does not suffer from government-imposed fines, but from consumers who abandon it to purchase from lower-priced ones. Manufacturers will redirect production to the most profitable and in-demand products, in this case hand sanitizer."