The specific type of price control that the government would likely use in this situation is a price ceiling. A price ceiling sets a maximum limit on the price at which bacon can be sold. This means that the equilibrium bacon price, which is determined by the intersection of demand and supply, cannot exceed the set maximum price. As a result, the price control would lower the equilibrium bacon price, potentially making it more affordable for consumers. However, this may also lead to shortages, as suppliers may be unwilling or unable to provide bacon at the lower price.
