Government-imposed limits on prices producers may charge?

• A. Rationing
• B. Price floor
• C. Black market
• D. Price controls

Answer: (D)

Limits on the prices producers may charge are called price controls. This policy umbrella covers any government action that caps or floors prices, with two main forms: price ceilings (maximum prices) and price floors (minimum prices). The question points to the general tool, not a specific form, so price controls is the right overall term. Rationing is about allocating scarce goods, not setting price limits. A black market arises as a consequence of controls, not the control itself. A price floor is a type of price control, but describing the general concept requires the broader term.