With a price floor there will be excess supply.

Question

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When a price floor is implemented, the minimum price that can be charged for a good or service is set above the equilibrium price. This incentivizes producers to supply more of the good or service, but at the higher price, while simultaneously reducing demand. As a result, there will be more supply than demand, creating a surplus or excess supply. A price floor is a government-imposed limit on how low a price can be charged for a particular good or service. When the price floor is set above the equilibrium price, it creates excess supply because suppliers are willing to sell more goods than buyers are willing to purchase at the higher price. This results in a surplus of goods that remain unsold.

With a Price Floor There Will Be Excess Supply