In mature and stable nations, such as the United States, price controls are typically anathema to that government and thereby its desired rules and regulations. After all, the United States, likes to pride itself on being an open market, and thereby that through those market forces, competition, and the like, that there isn't any real reason for the government to impose price controls over much of anything unless under the most extreme of conditions, such as might occur during a war or a pandemic. Of course, this assumes, that the marketplace in regards to its current structure is open, honest, fair, and truly competitive, at all times, of which, the truth of the matter is, that there are significant areas of the economy in which there is either no meaningful competition, or that the market is effectively controlled by just a few dominant players who basically whether implicit or not, collude one with another, in order to boost up the price of their goods and services, so as to undeservedly obtain more profit.
So then, there are cases in which the government does have its place in the implementation of price controls, because of the absence of a truly free market, or of competition, or the active collusion, thereof; so as to step in for the good of the people. That said, price controls, should be truly seen as a last resort, for anytime, the give and take of the market in regards to what should be produced, what is being produced, and therefore what is being bought and consumed, and the price thereof, is disrupted by governmental fiat in regards to what the price has to be, then the market will suffer, sooner or later, from the ill effects of that government interference, no matter the good intent, thereof.
That is to say, when businesses are not able to obtain the price so needed or so expected from the products that they are producing to sell, then they quite obviously are going to have to make some adjustments to that product, of which, one of the simplest adjustments to make is to simply produce less of that product, thereby leading possibly to layoffs, and/or the reduction of the quality of those products, so of. Another, workaround, is that those that are driven by profit and the lust for money, so of, will have a tendency when facing perceived to be unreasonable price controls, to risk taking actions, of debatable legality, in order to circumvent such price controls, and thereby they will take their chances, therewith, utilizing their legal staff and the like to ameliorate any adverse reaction from the government, if it so comes to that.
In other words, when companies do not get the monetary rewards of what they expect to get from their sales, due to the government imposing unexpected rules and regulations, they often are not going to accept such, lying down, but rather will typically do everything within their power, to find exceptions to such, workarounds to such, circumvention to such, ignoring of such, and will make adjustments as needed to their business model so as to obtain the monies that they feel that they are unjustly losing from those unsolicited imposed price controls. So that, while government officials can often point to simple charts with simple mathematics, of how much the public will save and how fair that all the above is for the general public, what is happening behind the scenes will typically erode a lot of that good, so expected.