Minimum support price of a foodgrain is the example of _______ Option 1: Floor Pricing. Option 2: Price Ceiling. Option 3: Maximum retail Price. Option 4: Price Discrimination.

The answer is 'Floor Pricing.'. View full solution:

CUET Economics - Minimum support price of a foodgrain is the example of _______ | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Easy

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

✅ Correct Option: 1

Related questions:

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:

2 June Shift 1

Which of the following is a demerit of price ceiling?

(A) Black Marketing.

(B) Stability of income of producers.

(D) Standing in long queues to get allocated quota of the commodity.

Choose the correct answer from the options given below:

2 June Shift 1

What would price ceiling lead to when the maximum price is fixed lower than the equilibrium price?