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In the market for punching bags, a price floor has recently been implemented. Sellers are not allowed to set prices below a certain floor, which is above the current market price. What will change about consumer and producer surplus after the price floor is put into place?

Consumer surplus will
Select Option IncreaseDecreaseStay the sameNot enough information to tell
.


Producer surplus will
Select Option IncreaseDecreaseStay the sameNot enough information to tell
.
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