Imposition of price ceilings usually results into? Option 1: Excess demand for the good in the market. Option 2: Excess supply of the good in the market. Option 3: Surplus availability of the good in the market. Option 4: No effect on the market.

The answer is 'Excess demand for the good in the market.'. View full solution:

CUET Economics - Imposition of price ceilings usually results into? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Easy

Excess demand for the good in the market.

Excess supply of the good in the market.

Surplus availability of the good in the market.

No effect on the market.

✅ Correct Option: 1

Related questions:

29 May Shift 2

Arrange the following statements in chronological sequence about how government intervention in the form of price control has an impact on the market.

(A) There will be an excess demand for sugar in the market at that price.

(B) Government-imposed upper limit on the price of sugar.

(D) It could end up creating a shortage of sugar in the market.

Choose the correct answer from the options given below:

15 May Shift 1

If the demand for salt increases supply remains the same and the new demand curve is

$Q_D = 400 - p$

What will be the new equilibrium price and quantity?

13 May Shift 2

When the price of a cricket ball is Rs10, let us assume that 200 cricket balls are produced in aggregate by the firms in the market. When the price of a cricket ball rises to Rs.30, let us assume that 1,000 cricket balls are produced in aggregate by the firms in the market. Calculate the elasticity of supply.

CUET Economics 2025 26 May Shift 2 PYQs

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