-Hannah Mead, MCPP intern, 2008
(Or, in Michigan’s case, down is down.)
As I crawled through legislative records, I found this charming provision in the Michigan Consumer Protection Act of 1976:
(1) Unfair, unconscionable, or deceptive methods, acts, or practices in the conduct of trade or commerce are unlawful and are defined as follows:
(z) Charging the consumer a price that is grossly in excess of the price at which similar property or services are sold.
I, for one, am certainly glad to know that it’s not only economically impossible for me to sell a pencil for $1000 but illegal as well. While we’ve got the laws of supply and demand mandated in legislation, we may as well codify scientific laws. Why don’t they legislate that all goods displayed in stores are to rest on the top of the shelves instead of magically floating above them?