Market Observations

[MrPrena]

I think both side of Gauge or Supply&demand market needs data and metrics, before they seriously want to argue.
Just saying it is "gauging" or "it is just Supply and Demand" on forum is no harm no foul. It is purely their opinion. If you want to prove others wrong, bring the data and metrics to back up what you spit out of your mouth. I assure you the econometrics and math ain't going to be easy. What I know is that I am not going to argue it is gouging or just purely supply and demand. It is just an opinion. Both or neither can be correct. who cares!

EXAMPLES:
Can I buy the entire supply of insulin or flu vaccine and start charging 250% premium? It is supply and demand, isn't it?
Can vendor buy 20% of NA supply of Rhodium (or PM futures) and let the market change the price?It is price gauging , isn't it?

In order to find out they are gauging, they need to gather data and find out the supply and demand curve to find out the elasticity. If it is usually inelastic of "this and that" then it is USUALLY safe to say vendors are gauging. Then they need to find out by region or any dead weight loss. Then, we need to figure out the historical data on those as well base on proportionality based on [geo]political change vs price vs elasticity of Demand and Supply curve. If it is countries which import/export that good or widget, they need to apply some of the international trade model as well.