Question: A nonbinding price ceiling is: Multiple choice question. a minimum legal price that is not set above the equilibrium price. the lowest equilibrium price in

A nonbinding price ceiling is:
Multiple choice question.
a minimum legal price that is not set above the equilibrium price.
the lowest equilibrium price in the market.
a maximum legal price that is not set below the equilibrium price.
the lowest historical price of a good - service - or resource.

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