CUET Economics - If the government imposes a price ceiling of Rs 31 on salt, what will be the volume of excess demand/ supply in the market? | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Medium

Excess demand of 68 units.

Excess supply of 68 units.

Excess demand of 330 units.

Excess supply of 220 units.

✅ Correct Option: 1

Related questions:

31 May Shift 1

If demand remains constant at any changes in price of commodity then the elasticity of demand for that commodity will be....................

Zero
One
Between one and zero
Infinite

26 May Shift 2

The market determined price of a good is Rs. 40.The government determines the price ceiling on the good as Rs. 25. Calculate the excess demand/excess supply it will cause if the demand and supply functions are Qd= 200 – p and Qs=120+ p respectively.

2 June Shift 1

An upward sloping straight line supply curve shooting from the X axis indicates the:

CUET Economics 2025 15 May Shift 1 PYQs

Keyboard Shortcuts