CUET Economics - What would be the equilibrium number of firms in a market of identical firms, when market demand function (Q_d), supply function of a single firm (Q_s1) and equilibrium price (P) are given as Q_d = 180 - 2P Q_s1 = 15 + P P = 15 1. 5 2. 6 3. 8 4. 9 | PYQs + Solutions

CUET Economics 2025 28 May Shift 1

Micro

Medium

✅ Correct Option: 1

Related questions:

29 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) No change in equilibrium price
(B) Increase in Demand= Decrease in Supply	(II) Price taking Behavior
(C) Increase in Demand > Decrease in Supply	(III) Decrease in equilibrium price
(D) Increase in Supply > Decrease in Demand	(IV) Increase in equilibrium price

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30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Control Price	(I) Set below the equilibrium price
(B) Floor Price	(II) Fixed by the government for the labourers
(C) Minimum Wage Legislation	(III) Set above the equilibrium price
(D) Market Equilibrium	(IV) when demand and supply curve intersect.

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30 May Shift 1

Arrange the stages of price determination in a perfect competition market:

(A) Estimate the market demand and supply.

(B) Firms adjust production to maximize profit.

(D) Short-run profit attracts new firms.

Choose the correct answer from the options given below:

CUET Economics 2025 28 May Shift 1 PYQs