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:

2 June Shift 1

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

31 May Shift 1

Suppose in the long run, the government imposed a tax on the supply of a commodity. How does it affect the equilibrium quantity of commodity?

The quantity of commodity will decrease.
The quantity of commodity will increase.
The quantity of commodity will remain same.
The supply curve will shift rightwards which will decrease quantity of commodity.

26 May Shift 2

The market determined price of a good is Rs. 40.The government determines the price ceiling on the good as Rs. 25. Calculate the excess demand/excess supply it will cause if the demand and supply functions are Qd= 200 – p and Qs=120+ p respectively.

CUET Economics 2025 26 May Shift 2 PYQs

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