Arrange the following steps in the process of how a price floor affects a market, starting from government intervention to market consequences: A) Government sets a price floor above equilibrium, B) Quantity supplied increases due to higher prices, C) Surplus occurs as quantity supplied exceeds quantity demanded, D) Market adjusts to new conditions.

A price floor is a minimum price set by the government that must be paid for a good or service, usually above the market equilibrium price. First, the government sets this price floor, which is step A. Because the price is higher than what people are willing to pay, step B happens: suppliers want to produce more since they can sell at this higher price. However, not everyone wants to buy the product at this price, leading to a situation where the quantity supplied exceeds the quantity demanded, which is step C and creates a surplus. Eventually, the market tries to adjust to these new conditions in step D, but often this results in wasted resources or unsold goods until prices or supply levels change.