A Minimum Wage Is Said to Be Binding If

A minimum wage is said to be binding if

A) it is set above the market wage that would otherwise prevail.
B) it is the lowest wage that allows a level of income above the poverty line.
C) it is set below the market wage that would otherwise prevail.
D) it has been set by collective bargaining.
E) all workers who desire employment at that wage are in fact employed.