Business, 05.07.2021 19:20 rafeychoudhry4571

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. There are many teenagers who would like to work at grocery stores, but they are not hired due to minimum-wage laws.
b. 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.
c. The government prohibits fast-food restaurants from selling hamburgers for more than $8 each.

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