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Laws that a government passes to regulate prices are known as price:

AContracts
BControls
CCoupons
DCounters
Answer & Solution
Correct answer: B. Controls
1. The government is fixing what may legally be charged. 2. Ceilings and floors are the two forms. 3. Together they are price controls. _Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
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