A. maximum pricing
B. rationing
C. minimum pricing
D. auctioning
Correct Answer: Option D
D. auctioning
Explanation
A maximum price occurs when a government sets a legal limit on the price of a good or service – with the aim of reducing prices below the market equilibrium price.
Minimum Prices:- It is known as minimum price or price floor when the government sets a minimum legal limit of a price of a particular good or service.
In economics, rationing refers to an artificial control of the supply and demand of commodities.
