Consider a Market with a Price Floor

Multiple Choice

Consider a market with a price floor.If the price floor is lowered,which of the following would happen?

A) The consumer surplus would increase,the producer surplus would decrease and the dead weight loss would decrease
B) The consumer surplus would decrease,the producer surplus would decrease and the dead weight loss would increase
C) The consumer surplus,the producer surplus and the dead weight loss would all decrease
D) The consumer surplus,the producer surplus and the dead weight loss would all increase
E) The consumer surplus would decrease,the producer surplus would increase and the dead weight loss would increase