If the Government placed a binding price floor above Equilibrium, what would be the consequence?

Why would the Government do this?

If government set a price below marketplace prices, there would be shortages. If a company cannot get the price it needs to, or the market will pay, they will stop producing.

Government has done this in the past because liberals do not understand economics. That comes as no surprise because they do not live in the real world.

Carter did this with energy and we had shortages.

Let the free markets reign. It always works.