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:

Question

Option 1: (A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Option 2: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Option 3: (A) - (IV), (B) - (III), (C) - (II), (D) - (I)

Option 4: (A) - (III), (B) - (IV), (C) - (II), (D) - (I)

AfterBoards · Accepted Answer

The answer is '(A) - (IV), (B) - (III), (C) - (I), (D) - (II)'. View full solution:

List-I	List-II
(A) Perfect Competition	(I) No change in equilibrium price
(B) Increase in Demand= Decrease in Supply	(II) Price taking Behavior
(C) Increase in Demand > Decrease in Supply	(III) Decrease in equilibrium price
(D) Increase in Supply > Decrease in Demand	(IV) Increase in equilibrium price

CUET Economics 2025 16 May Shift 1 PYQs

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