CUET Economics - Price ceiling is one concept which provides safeguard to______ | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Easy

Producer.

Intermediateries.

Consumer.

Government.

✅ Correct Option: 3

Related questions:

22 May Shift 2

The government-imposed lower limit on the price that may be charged for a particular good or service. What this lower limit is called ?

29 May Shift 1

Which of the following are features of the perfect competition market?

(A) Price taking behavior of firms.

(B) Restriction on entry and exit of firms.

(D) Asymmetric Information.

Choose the correct answer from the options given below:

29 May Shift 1

Arrange the following steps of Market Equilibrium under perfect competition in the correct order.

(A) Excess of market demand over market supply will cause excess demand situation.

(B) Quantity demanded will fall and quantity supplied will rise.

(C) The market will move towards the point where the quantity that the firm wants to sell is equal to the quantity that the consumer wants to buy.

(D) The market price would tend to increase, due to competition among buyers.

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 2 PYQs