CUET Economics - The government-imposed lower limit on the price that may be charged for a particular good or service. What this lower limit is called ? | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Micro

Easy

Price ceiling.

Price floor.

Price line.

Minimum price.

✅ Correct Option: 2

Related questions:

13 May Shift 1

With the shifting demand curve leftward, arrange the following statement in sequential order.

(A) At any given price, demand is less.

(B) Excess supply will be there.

(D) At new equilibrium, quantity and price will be less.

Choose the correct answer from the options given below:

27 May Shift 2

In a perfectly competitive market, the marginal revenue curve is?

29 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) No change in equilibrium price
(B) Increase in Demand= Decrease in Supply	(II) Price taking Behavior
(C) Increase in Demand > Decrease in Supply	(III) Decrease in equilibrium price
(D) Increase in Supply > Decrease in Demand	(IV) Increase in equilibrium price

Choose the correct answer from the options given below:

CUET Economics 2025 22 May Shift 2 PYQs