Price ceiling is one concept which provides safeguard to______ Option 1: Producer. Option 2: Intermediateries. Option 3: Consumer. Option 4: Government.

The answer is 'Consumer.'. View full solution:

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:

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Suppose the Income of consumers in a market increase. How will this effect the equilibrium price of the commodity, assuming that it is a normal good?

(A) There is excess demand at the existing price.

(B) Rising price leads to contraction in demand and expansion in supply and a new equilibrium price is attained, which is higher than the initial price.

(D) There is upward pressure on the price and price starts rising.

Choose the correct answer from the options given below:

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

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(B) Each firm employs labour upto the point where the marginal revenue of labour equals the wage rate.

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Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 2 PYQs

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