CUET Economics 2025 2 June Shift 1 PYQs

If demand remains constant at any changes in price of commodity then the elasticity of demand for that commodity will be....................

1. Zero
2. One
3. Between one and zero
4. Infinite

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:

If the government imposes a price ceiling of Rs 31 on salt, what will be the volume of excess demand/ supply in the market?