An example of a binding price ceiling is:

a. a minimum wage law that is set below the equilibrium price.
b. rent control that is set above the equilibrium price.
c. No answer text provided.
d. rent control that is set below the equilibrium price.

. rent control that is set below the equilibrium price.

Explanation:

A price ceiling is a form of price control where the government or an agency of the government limits how high prices can rise.

To be binding, a price ceiling is usually set below equilibrium price. It leads to shortages.

If it is non binding it is set above equilibrium price.

The other form of price control is price floor. A price floor is when the government or an agency of government sets the minimum price for a good or service. It is usually set above equilibrium price.

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