Imposition of price floors usually lead to following Option 1: Excess demand. Option 2: Excess supply. Option 3: Shortage of goods in the market. Option 4: Determination of market equilibrium.

The answer is 'Excess supply.'. View full solution:

Imposition of price floors usually <=ad to following

Shorta>= of goods in the market.

CUET Economics 2025 21 May Shift 1

Micro

Medium

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

✅ Correct Option: 2

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Choose the correct answer from the options given below: