Based on the fact that the new price floor is above the market price, The quantity demanded for bread will decrease, and the quantity supplied will increase.
What happens when a price floor is above the market price?
When this situation happens, it would entice suppliers to supply more of their goods in order to make a profit. Quantity supplied will therefore increase.
People will however feel that the good is now more expensive so less people will buy. This will lead to a decrease in quantity demanded.
In conclusion, option A is correct.
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