Which act fixes the maximum selling price of essential articles and creates a price control council?

Which act fixes the maximum selling price of essential articles and creates a price control council?

• A. RA 6124
• B. RA 166
• C. RA 6969
• D. PD 223

Answer: (A)

Price control centers on setting a cap on how much can be charged for essentials to prevent prices from spiraling during shortages or crises. A maximum price acts as a ceiling that sellers may not exceed, protecting consumers from profiteering and helping maintain access to basic goods. RA 6124 does exactly that: it fixes the maximum selling prices of basic necessities and prime commodities and creates a Price Control Council to oversee the program, determine which items are subject to ceilings, monitor compliance, and enforce penalties as needed. This combination provides both the rule (the price ceiling) and the governance (the council) to implement and adapt the controls in response to changing conditions. The other acts address different regulatory goals, such as hazardous substances or broad consumer protection, and do not author the establishment of price ceilings or a price control council.

Price control centers on setting a cap on how much can be charged for essentials to prevent prices from spiraling during shortages or crises. A maximum price acts as a ceiling that sellers may not exceed, protecting consumers from profiteering and helping maintain access to basic goods.

RA 6124 does exactly that: it fixes the maximum selling prices of basic necessities and prime commodities and creates a Price Control Council to oversee the program, determine which items are subject to ceilings, monitor compliance, and enforce penalties as needed. This combination provides both the rule (the price ceiling) and the governance (the council) to implement and adapt the controls in response to changing conditions.

The other acts address different regulatory goals, such as hazardous substances or broad consumer protection, and do not author the establishment of price ceilings or a price control council.