CUET Economics 2025 26 May Shift 2 - 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:

31 May Shift 1

If demand remains constant at any changes in price of commodity then the elasticity of demand for that commodity will be....................

Zero
One
Between one and zero
Infinite

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(II) Decrease in both equilibrium price and quantity.
(C) Increase in demand = Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(D) Decrease in demand < Decrease in supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.

Choose the correct answer from the options given below:

29 May Shift 1

If the price of a good increases from ₹20 to ₹25 and the quantity demanded decreases from 100 units to 80 units, calculate the price elasticity of demand.

CUET Economics 2025 26 May Shift 2 PYQs

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