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