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Neither price ceilings nor price floors cause demand or supply to change. They simply set a price that limits what can be legally charged in the market.
A price floor that is set below the equilibrium price is called a non-binding price floor. A non-binding price floor has no effect in a competitive market, because the equilibrium price already exceeds the price floor.
Price controls can be thought of as binding or non-binding. A non-binding price control is not really an economic issue, since it does not affect the equilibrium price. If a price ceiling is set at a level that is higher than the market equilibrium, then it will not affect the price.
A non-binding estimate is given but could potentially change depending on the circumstances of your move. This means you could be paying way more than you had planned for, even if your shipment weighs less than the original estimate. A binding estimate is unable to be changed once the quote is given and agreed to.
adjective. Britannica Dictionary definition of NONBINDING. law. : not officially requiring that you do something : not able to be enforced by law.
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The so-called indicative offer, also known as a non-binding offer (NOB) or letter of intent (LOI), is an important part of the sale of a company and serves as the first decisive step in the communication between an interested party and the seller: with the NBO or LOI, interested parties express their intention to buy.
A non-binding estimate is not a guaranteed or fixed price. Its a preliminary cost projection based on the estimated weight of your belongings and the distance of your move. The final cost of your move can vary, being either higher or lower than the provided estimate.

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