If the government imposes a price ceiling of $8 in Alpha T, this price ceiling would be binding.
What is a binding price ceiling?
A binding price ceiling is one that is below the equilibrium price of the good in question.
It is considered binding because the price of the good will be bound to the amount imposed by the price ceiling, rather than the equilibrium price.
In Alpha T, the equilibrium price is $10 and the price ceiling is $8. The price ceiling is therefore binding.
Find out more on binding price ceilings at https://brainly.com/question/25300841.
