The introduction of a binding price floor will:
a. decrease consumer surplus, and decrease the total economic surplus; however, the effect on producer surplus is uncertain.
b. decrease consumer surplus, increase producer surplus and therefore not change total economic surplus.
c. increase consumer surplus, increase producer surplus, but decrease total surplus due to deadweight loss generated.
d. decrease producer surplus, and decrease total economic surplus; however, the effect on consumer surplus is uncertain.
e. decrease total surplus due to the transfer of surplus from consumers to producers -- this is the deadweight loss.