Floor prices are meant for the welfare of Option 1: Consumers. Option 2: Producers. Option 3: Both consumers and producers. Option 4: Government.

The answer is 'Producers.'. View full solution:

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:

27 May Shift 2

Arrange the following statement when the market demand curve shifts rightward with the supply curve remaining unchanged.

(A) The shift indicates that at any price the quantity demanded is more than before.

(B) Some individuals will be willing to pay higher price and the price would tend to rise.

(D) At the new equilibrium, quantity and price will be greater than before.

Choose the correct answer from the options given below:

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Arrange the following statement of government intervention in the form of price control.

(A) The government sets floors or minimum prices for these goods and services.

(B) A fall in price below a particular level is not desirable.

(D) The government imposed a lower limit on the price.

Choose the correct answer from the options given below:

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