CUET Economics 2025 28 May Shift 2Micro > MediumIncrease the price.Decrease the price.Price remain constant.Price may increase or decrease.✅ Correct Option: 1Related questions:16 May Shift 1In which of the following, the demand for a good will be highly price elastic?26 May Shift 2Suppose the market determined rent for apartments is $200 per month. The government intervenes and sets the rent control at $250 per month. What is the likely impact of this intervention on market of apartments?21 May Shift 1A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence. (A) There will be upward pressure on the price of onions. (B) The buyers will compete in order to get onions in the market. (C) Demand contracts and supply expands until the market achieves a new equilibrium. (D) The market supply of onions decreases, leading to excess demand for the same. Choose the correct answer from the options given below: