To be effective, the floor price should be determined Option 1: Lesser than the market determined price. Option 2: More than the market determined price. Option 3: Equal to the market determined price. Option 4: either lesser or more than the market determined price but not equal to it.

The answer is 'More than the market determined price.'. View full solution:

CUET Economics - To be effective, the floor price should be determined | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Easy

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

✅ Correct Option: 2