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12 February, 23:16

Statement Price Control Binding or Not The government prohibits donut shops from selling donuts for more than $1.80 each. Price ceiling Binding There are many teenagers who would like to work at donut shops, but they are not hired due to minimum-wage laws. Price ceiling Non-binding The government has instituted a legal minimum price of $1.80 each for donuts. Price floor Binding

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  1. 13 February, 00:56
    0
    The question is incomplete

    Explanation:

    Price ceiling is a legal maximum on the price at which a good can be sold whereas a price floor is a legal minimum on the price at which a good can be sold
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