The existence of a lar>= number of buyers and sel<=rs in the perfectly competitive market means?

Each individual buyer and sel<=r is very small compared to the size of the market.

Only sel<=rs can influence the market by their size.

Individual buyer or sel<=r can influence the market by their size.

Each individual buyer and sel = compared to the size of the market.

Each individual buyer and sel<=r is very small compared to the size of the market.

CUET Economics - The existence of a large number of buyers and sellers in the perfectly competitive market means? | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Micro

Easy

Only sellers can influence the market by their size.

Individual buyer or seller can influence the market by their size.

Each individual buyer and seller is very large compared to the size of the market.

Each individual buyer and seller is very small compared to the size of the market.

✅ Correct Option: 4

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Price ceiling is one concept which provides safeguard to______

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

Choose the correct answer from the options given below:

15th May Shift 1

When the price of a ball is Rs 10 then 200 cricket balls are produced by the firm in the market. When the price of a ball rises to Rs 30 then 1000 cricket balls are produced in aggregate by the firm in the market. What will be the value of Price elasticity of supply?

CUET Economics 2025 28 May Shift 2 PYQs

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