When Government fix the minimum price of any commodity this move of government is known by: Option 1: Price Ceiling. Option 2: Price Discrimination. Option 3: Floor Price. Option 4: Price Rigidity.

The answer is 'Floor Price.'. View full solution:

CUET Economics - When Government fix the minimum price of any commodity this move of government is known by: | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Micro

Easy

Price Ceiling.

Price Discrimination.

Floor Price.

Price Rigidity.

✅ Correct Option: 3

Related questions:

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:

14 May Shift 1

In the perfectly competitive market, if 10 packets of bread are sold at the price of Rs. 25 per packet, what will be the total revenue of a bread manufacturer?

Rs. 25
Rs. 250
Rs. 0.4
Rs. 2.5

2 June Shift 1

What is the shape of Average Revenue (AR) curve under perfect competition?

CUET Economics 2025 28 May Shift 2 PYQs

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