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:

29 May Shift 2

In a perfectly competitive market choose the correct statement from the following.

(A) Equilibrium occurs where market demand equals market supply.

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

(D) Equilibrium price is always equal to minimum average cost of the firms.

Choose the correct answer from the options given below:

16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Excess demand	(I) Supernormal profits
(B) Excess supply	(II) Perfect competition
(C) Entry of new firms in the market	(III) Price tends to fall
(D) Price taker	(IV) Price tends to rise

Choose the correct answer from the options given below:

28 May Shift 2

The existence of a large number of buyers and sellers in the perfectly competitive market means?