Question: A nonbinding price floor is: Multiple choice question. the lowest historical price of a good, service, or resource. the lowest equilibrium price in the market.

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

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