Price controls on goods can be set by __________.

Price controls on goods can be set by government authorities, particularly through regulations or laws implemented by federal, state, or local governments. These controls are typically introduced to manage the availability and affordability of essential goods and services. They can take the form of price ceilings, which cap the maximum price that can be charged for a product, or price floors, which set a minimum price that must be paid. These measures are often put in place in response to economic conditions, such as inflation or scarcity of resources, to protect consumers and stabilize markets. However, while price controls can help in the short term, they may also lead to unintended consequences, such as shortages or surpluses, in the long run.