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

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When will increase in supply bring down the price, leaving the quantity demanded unchanged?

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Arrange the statements to define the relationship between elasticity and expenditure of a commodity.

(A) The percentage increase in quantity demanded is greater than the percentage decline in the price.

(B) The impact on expenditure depends on how responsive the demand for the good is to the price change.

(D) Expenditure on the goods will increase.

Choose the correct answer from the options given below:

CUET Economics 2025 21 May Shift 1 PYQs