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all right this short video is going to go over price ceilings and which are binding and non-binding so the first Iamp;#39;m going to show you is a binding price ceiling so if the price ceiling is below the market equilibrium price then what happens is this is the quantity the consumers demand this is the quantity that Supply and generally there would be a shortage so the price would go up suppliers would Supply more consumers would demand less weamp;#39;d get to equilibrium but with the price ceiling the price tries to go up and it hits the ceiling so it canamp;#39;t go any further so anything below the ceiling is allowed nothing above the ceiling is allowed so this is a binding price ceiling if it occurs below the equilibrium point now what if you have a price ceiling at the equilibrium point then this one could or could not be binding itamp;#39;s sort of indifferent because this is where the price wants to be anyways so the price ceiling is basically saying look you canamp;#39;t