Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. 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 $0.80 each for donuts. price floor binding the government prohibits donut shops from selling donuts for more than $0.80 each. there are many teenagers who would like to work at donut shops, but they are not hired due to minimum-wage laws