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?15 May Shift 1If the demand for salt increases supply remains the same and the new demand curve is QD=400−pQ_D = 400 - pQD=400−p What will be the new equilibrium price and quantity?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?