If the government fixed maximum price of product below the market price then product will have? Option 1: Increased Supply. Option 2: Constant Demand. Option 3: Excess Demand. Option 4: Decreased Demand.

The answer is 'Excess Demand.'. View full solution:

CUET Economics - If the government fixed maximum price of product below the market price then product will have? | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Easy

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

✅ Correct Option: 3