CUET Economics 2025 21 May Shift 1 - A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence. (A) There will be upward pressure on the price of onions. (B) The buyers will compete in order to get onions in the market. (C) Demand contracts and supply expands until the market achieves a new equilibrium. (D) The market supply of onions decreases, leading to excess demand for the same. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

(A), (B), (D), (C)

(A), (D), (B), (C)

(D), (A), (B), (C)

(D), (B), (A), (C)

✅ Correct Option: 4

Related questions:

14 May Shift 1

Identify the options which reflect the impact of simultaneous shifts of demand and supply on equilibrium

(A) When demand shift right and supply left, quantity may increase, decrease or remain unchanged but price decreases

(B) When demand and supply shift leftward, quantity decreases but price may increase, decrease or remain unchanged

(D) When demand shift left and supply right, quantity may increases, decreases or remain unchanged but price decreases

2 June Shift 1

The price elasticity of supply of a commodity is 2.5. At a price of Rs.5 per unit, its quantity supplied is 300 units. What will be its quantity supplied at a price of Rs.4 per unit?

29 May Shift 1

If the price of a good increases from ₹20 to ₹25 and the quantity demanded decreases from 100 units to 80 units, calculate the price elasticity of demand.

CUET Economics 2025 21 May Shift 1 PYQs

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