If a price floor on corn leads to a surplus of corn in the market, what is the underlying cause of this deadweight loss?

A price floor is a minimum price set by the government for a good, like corn. When this price is above the market equilibrium, it means that producers are willing to supply more corn than consumers are willing to buy, leading to a surplus. This surplus creates deadweight loss because it prevents some transactions that would have happened at a lower price. For example, if corn is priced too high, some consumers may choose not to buy it, even though they would have bought it at a lower price, which means the market is not operating efficiently. Therefore, the deadweight loss occurs because the price floor disrupts the balance between supply and demand, resulting in unfulfilled potential sales and wasted resources.