Question

Rice controls on goods can be set by consumers. economists. governments. producers.

Answer 1

C.governments

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Answer 2

The answer is C) governments

Price controls are measures that are taken by the government, and not by market forces (consumers and producers), in order to control the price. Price controls generally consist of price floors, in which a minimum price is set to control quantity, or price ceilings, to prevent a situation in which price rises beyond an acceptable level.