Consider the market for pulp and paper. Suppose, in an attempt to help this industry, the government sets a price floor above the free-market equilibrium price. The result will be O the quantity supplied will exceed quantity demanded and there will be a surplus in the market. the quantity demanded will exceed quantity supplied and there will be a shortage in the market. a new free-market equilibrium at a higher price and lower output level. O increased government revenue. a continuation of the market-determined equilibrium price and quantity