Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. a. The government prohibits donut shops from selling donuts for more than $1.10 each.
b. There are many teenagers who would like to work at donut shops, but they are not hired due to minimum-wage laws.
c. The government has instituted a legal minimum price of $1.10 each for donuts.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

turnover

the amount of money taken by a business in a particular period.

answertaxable income;