To me, this is the best argument against price gauging. That said, I think it still doesn't matter because 1) You can substitute hand sanitizer with soap. In

To me, this is the best argument against price gauging. That said, I think it still doesn't matter because 1) You can substitute hand sanitizer with soap. In a way, hand sanitizer is a luxury item. 2) There is no monopoly on hand sanitizer. There are always less-savvy hoarders who sell their products so manufacturing the pandemic by hoarding doesn't work 3) Preventing the early spread of the virus requires state-level coordination to be successful or else the virus spreads anyway. So for the low reproduction number scenario, let's assume massive state intervention. In that case, containment is very likely and there is no future excessive demand for hand sanitizer, thus even savvy hoarders will sell their stock early on.