CUET Economics - Floor prices are meant for the welfare of | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Easy

Consumers.

Producers.

Both consumers and producers.

Government.

✅ Correct Option: 2

Related questions:

28 May Shift 2

The existence of a large number of buyers and sellers in the perfectly competitive market means?

16 May Shift 1

Suppose the Income of consumers in a market increase. How will this effect the equilibrium price of the commodity, assuming that it is a normal good?

(A) There is excess demand at the existing price.

(B) Rising price leads to contraction in demand and expansion in supply and a new equilibrium price is attained, which is higher than the initial price.

(D) There is upward pressure on the price and price starts rising.

Choose the correct answer from the options given below:

13 May Shift 1

Which of the following is an example of floor price?

CUET Economics 2025 21 May Shift 1 PYQs

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