Hugo Chávez was the president of Venezuela.Venezuela is a major producer of oil products,which remain a critical component of Venezuela's economy.Suppose President Chávez wanted to increase his popularity with the citizens of Venezuela and enacted a government policy to reduce the price of gasoline sold at state-owned gas stations to 50% of the previous price.This policy is called a:

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A price ceiling is a government-imposed limit on how high a price can be charged for a product or service. In this case, President Chávez is enacting a policy to reduce the price of gasoline at state-owned gas stations, which is a form of price ceiling.

Hugo Chávez Was the President of Venezuela