CUET Economics - Which of the following is an example of floor price? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Minimum Support Price for Foodgrain

Price printed on any article.

Price taken by Seller

Price asked by buyer to buy.

✅ Correct Option: 1

Related questions:

30 May Shift 1

Which of the following are features of a perfect competitive market?

(A) Free entry and exit of firms.

(B) Huge selling cost.

(D) perfect market knowledge among buyers.

Choose the correct answer from the options given below:

21 May Shift 1

The market determined price of a good is Rs. 40.The government fixes the minimum price of the good as Rs. 50. Calculate the excess demand/excess supply it will cause if the demand and supply functions are Qd = 200 – p and Qs = 120 + p respectively.

29 May Shift 2

Identify the incorrect option from the following related to a perfectly competitive market.

CUET Economics 2025 13 May Shift 1 PYQs

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