A market where firms can choose where to locate production and workers can choose where to work is called? Option 1: Output Market. Option 2: Labour Market. Option 3: Goods Market. Option 4: Financial Market.

The answer is 'Labour Market.'. View full solution:

CUET Economics - A market where firms can choose where to locate production and workers can choose where to work is called? | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Micro

Easy

Output Market.

Labour Market.

Goods Market.

Financial Market.

✅ Correct Option: 2

Related questions:

29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Leftward shift in both the supply and demand curve	(I) Equilibrium price remains unchanged
(B) Rightward shift in both supply and demand curve	(II) Equilibrium quantity increases
(C) Equal percentage of increase in both demand and supply curves	(III) Equilibrium quantity decreases
(D) Shifts in supply curve towards right and demand curve shifts left	(IV) Equilibrium quantity remains unchanged

Choose the correct answer from the options given below:

2 June Shift 1

Which of the following is a demerit of price ceiling?

(A) Black Marketing.

(B) Stability of income of producers.

(D) Standing in long queues to get allocated quota of the commodity.

Choose the correct answer from the options given below:

26 May Shift 2

The market determined price of a good is Rs. 40.The government determines the price ceiling on the good as Rs. 25. Calculate the excess demand/excess supply it will cause if the demand and supply functions are Qd= 200 – p and Qs=120+ p respectively.

CUET Economics 2025 28 May Shift 2 PYQs

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