CUET Economics - In Microeconomics, what does supply refer to? | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Easy

The total amount of goods and services which consumers are willing to buy.

The total amount of goods and services which producers are willing to sell at different price.

The total market demand for a product.

The amount of goods produced by the government.

✅ Correct Option: 2

Related questions:

26 May Shift 2

Which of the following are correct about the short run cost concepts?

(A) Both the average cost and average variable cost curves are U-shaped.

(B) Average cost and average variable cost curves are parallel to each other.

(D) Average cost and average variable cost can never be equal to each other.

Choose the correct answer from the options given below:

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) A proportional increase in all inputs results in an increase in output by a smaller proportion	(I) Constant returns to scale
(B) A proportional increase in all inputs results in an increase in output by a larger proportion	(II) Law of variable proportions
(C) A proportional increase in all inputs results in an increase in output by the same proportion	(III) Decreasing Returns to Scale
(D) Factor proportions change as long as one factor is held constant and the other factors increases	(IV) Increasing Returns to Scale

Choose the correct answer from the options given below:

22 May Shift 1

In the long run, average cost must be rising as the firm increases output as long as the.......... operates.

CUET Economics 2025 29 May Shift 1 PYQs