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