Price controls:

A) always increase economic efficiency.
B) always lead to more equitable results.
C) can result in inequitable outcomes.
D) are always set below the equilibrium price.

Price controls can result in inequitable outcomes as they can create shortages or surpluses of a good, leading to unequal distributions of that good. For example, if a price ceiling is set on rent, landlords may be less willing to rent out their properties, resulting in a shortage of available housing. This can lead to higher prices for those who are able to secure a lease or even discrimination against certain groups of renters. Similarly, a price floor that is set too high on a certain product can result in a surplus, causing some producers to lose money and potentially go out of business. Overall, price controls have the potential to create unintended consequences and inequities.