Price controls on goods can be set by
A. consumers
B. economists
C. governments
D. producers
Answer (2)
Price controls on goods are primarily set by the government, not by consumers, economists, or producers. These regulations exist to establish maximum or minimum prices to protect consumers and ensure fair market conditions. Examples include rent control and price caps during emergencies. ;
Price controls on goods are primarily set by governments to regulate maximum or minimum prices. This is to protect consumers and ensure fair market conditions. Therefore, the correct option is C. governments.
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