Taking advantage of the raging pandemic, shopkeepers are hoarding essential commodities intending to sell them at higher prices. Write a letter to the Mayor of your Municipality naming at least one such shop and requesting/suggesting solution/action.
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Answer:
I'm not going to write a full letter coz thats a trek but here are the points that you can outline.
Explanation:
- Example is a supermarket marking up the prices of face masks and hand sanitiser at an unreasonable amount.
- Suggest having a maximum of 15% markup (or a similar percentage just make it lower), saying that although in a very volatile economy it is part of the circular flow (idk is you have learnt that its just like the flow of the market which goes around and around) that in a different situation to continue income flow and such certain goods/services may need to be marked up. Although say that certain things go above a reasonable price and as everyone is struggling is it important for them to be reasonable.
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