8
QuizMultiple Choice

Elasticity and Incentives — Quiz

Question 8 • Personal Finance and Economics

Price controls on goods can be set by

Answer
A
governments.
B
consumers.
C
producers.
D
economists.

Explanation

Price controls are rules that set a legal maximum or minimum price for a good. Governments establish and enforce these rules, such as a rent ceiling or a minimum price, so the correct choice is governments.

AI-written and checked against the verified answer.

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