(Table: The Market for Soda) Use Table: The Market for Soda.If the government does NOT impose a price control,the price of a can of soda will equal:

A) $0.50.
B) $0.75.
C) $1.00.
D) $1.25.

Price Control

Price Control is a government policy or legal stipulation that sets limits on the prices that can be charged for goods and services in a market.

Government

The body or system through which a community, state, or nation is governed, providing order, security, and services to its population.

Market Price

The current price at which an asset or service can be bought or sold in a given market.