CUET Economics 2025 29 May Shift 1 - Identify the correct sequence of events when a minimum support price is imposed: (A) Government buys the surplus at the predetermined price. (B) Situation of Surplus occurs due to imposition of floor price. (C) Government sets a minimum price. (D) Market equilibrium occurs by the intersection of demand and supply curves. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Medium

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

✅ Correct Option: 4

Related questions:

13 May Shift 2

Arrange the following elasticity degrees along the demand curve in their ascending order.

(A) Elasticity (eD) = 1

(B) Elasticity (eD) > 1

(D) Elasticity (eD) = 0

Choose the correct answer from the options given below:

22 May Shift 1

The price elasticity of demand is different at different points on the linear demand curve. Arrange the elasticity point on a downward sloping (left to right) demand curve.

(A). |ed| < 0

(B). |ed| = 1

(C). |ed| > 1

(D). |ed| < 1

Choose the correct answer from the options given below:

13 May Shift 1

Suppose an individual buy 30 bananas when its price is Rs. 10 per banana. When the price increases to Rs. 14 per banana, she reduces her demand to 24 bananas. In this case,what will be the price elasticity of demand?

CUET Economics 2025 29 May Shift 1 PYQs

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