How does the implementation of a price floor typically affect consumer surplus in a market?

A price floor is a minimum price set by the government for a good or service, which means that sellers cannot sell it for less than this price. When a price floor is implemented, it often leads to higher prices for consumers than they would normally pay. This can reduce consumer surplus, which is the difference between what consumers are willing to pay and what they actually pay. For example, if a government sets a price floor on bread, and the price rises above what many consumers were used to paying, some consumers might buy less bread or stop buying it altogether. As a result, the overall benefit consumers receive from purchasing bread decreases, leading to a lower consumer surplus in the market.