CUET Economics 2025 30 May Shift 2 PYQs

How government intervention through price control policy will have an impact on the market?

(A) The government imposed lower limit on the price that may be charged

(B) For certain goods and services, a fall in price below a particular level is not desirable

(C) Thereby leading to an excess supply in the market

(D) Government needs to buy the surplus at the predetermined price

Choose the correct answer from the options given below:

To be effective, the floor price should be determined

Arrange the following statements in chronological sequence about how government intervention in the form of price control has an impact on the market.

(A) There will be an excess demand for sugar in the market at that price.

(B) Government-imposed upper limit on the price of sugar.

(C) Quantity of sugar can be distributed to everyone, through a system of rationing.

(D) It could end up creating a shortage of sugar in the market.

Choose the correct answer from the options given below: