Business, 29.01.2021 16:20 martina28

Indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. a. There are many teenagers who would like to work at fast-food restaurants, but they are not hired due to minimum-wage laws.
b. The government prohibits fast-food restaurants from selling hamburgers for more than $5 each.
c. The government has instituted a legal minimum price of $5 each for hamburgers.

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