This is more a defense of price-gouging by bringing in market-based price fixing arguments than a strong argument to defend a "fair" price.
We can take the price of insulin in the US as an example fitting that description:
- It is a "normal market" high-demand pricing
- The demand is regular and predictable.
- There no emergency (except for the diabetics that cannot afford the medicine they desperately need)
And yet, at 10x the average price of insulin on the European market, it is clearly price-gouging.