Price gouging targeted by Governor

Gov. Gretchen Whitmer signed an executive order to address price gouging. From The Detroit News:

On Sunday, Whitmer also announced that she signed an order temporarily restricting excessive pricing of consumer goods. The rules start at 9 a.m. Monday and will remain until 11:59 p.m. April 13. 

Businesses can’t resell a product that is “grossly in excess of the purchase price of the product” and the order specifically restricts prices that are 20 percent higher than what was charged March 9, unless the hike can be attributable to an increase in costs.