Which of the following is more likely to be subjected to price control? A. Leather garmentsB. Mobile phone accessoriesC. Aspirin and antacidsD. Camcorders and lensesE. Ceramic tiles

The correct answer is option C.

Explanation:

Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.

Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.