CUET Economics - What would price ceiling lead to when the maximum price is fixed lower than the equilibrium price? | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Easy

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

✅ Correct Option: 3

Related questions:

15 May Shift 1

If the demand for salt increases supply remains the same and the new demand curve is

$Q_D = 400 - p$

What will be the new equilibrium price and quantity?

26 May Shift 2

Imposition of price ceilings usually results into?

29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Leftward shift in both the supply and demand curve	(I) Equilibrium price remains unchanged
(B) Rightward shift in both supply and demand curve	(II) Equilibrium quantity increases
(C) Equal percentage of increase in both demand and supply curves	(III) Equilibrium quantity decreases
(D) Shifts in supply curve towards right and demand curve shifts left	(IV) Equilibrium quantity remains unchanged

Choose the correct answer from the options given below:

CUET Economics 2025 2 June Shift 1 PYQs