With a price floor, consumers will buy less of the good than they would in a free market.

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A price floor sets a minimum price that sellers can charge for a good or service. This often results in a surplus of the good, as suppliers are willing to sell more at the higher price but consumers are unwilling or unable to buy as much as they would at a lower price. Therefore, consumers will buy less of the good than they would in a free market. When a price floor is set above the equilibrium price in a free market, it creates a surplus of the good since quantity supplied exceeds quantity demanded. This means that some sellers will be unable to sell their entire output, and so the overall quantity of the good sold will be lower than in a free market. Meanwhile, consumers will be discouraged from buying as much of the good as they otherwise would, since the price is higher than what they perceive to be the fair market price. As a result, total consumption of the good will be reduced, further exacerbating the surplus.

With a Price Floor, Consumers Will Buy Less of the Good