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price gouging

Price gouging occurs when retailers or other sellers take advantage of the increased demand and insufficient supply of goods and services—often commodities and basic necessities—following a natural disaster, war, civil unrest, or other event, and increase prices beyond a fair or reasonable amount.

In Nevada, price gouging during a state of emergency is prohibited under Nevada Revised Statutes (NRS) 598.0923. This statute makes it unlawful for businesses to sell or rent goods or services at an 'exorbitant or excessive price' during the time of a declared emergency by the state or federal government. The law applies to essential items such as food, water, fuel, shelter, transportation, medical supplies, and other necessary services. The determination of what constitutes an 'exorbitant or excessive price' can vary, but it generally involves a comparison to the average price for that good or service during the 30 days prior to the emergency declaration. Violations of this law can result in penalties, including fines and injunctions against the seller. The enforcement of this statute is typically carried out by the Nevada Attorney General's office, which can investigate and prosecute cases of alleged price gouging.

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Consumers

price gouging

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Nevada State Code

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price gouging

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