You are ignoring the motivational power of 10x increase in profit, for a vendor. Also the de-motivational power of a 10x increase in price, for a hoarder.
In fact, a high enough price may even turn a hoarder into a vendor.
In fact, a high enough price may even turn a hoarder into a vendor.
It's not like the anti-gouging laws lock in a price under profitablity; the stores wouldn't have the items even before the anti-gouging kicks in if that were the case.