The result of the price floor is that the quantity supplied qs exceeds the quantity demanded qd. In the diagram to the right illustrating a binding price floor at p1 the amount of consumer surplus transferred to producers is represented by area and the deadweight loss is equal to areas. Governments usually set up a price floor in order to ensure that the market price of a commodity does not fall below a level that would threaten the financial existence of producers of the commodity.
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