CUET Economics 2025 26 May Shift 2 PYQs

In a particular country, there was a severe heatwave. Arrange the following in the sequence of order in context of the market of ice-creams.

(A) Rise in the price of ice cream.

(B) Supply will remain the same.

(C) Competition among the buyers of ice cream inceaseees.

(D) The demand for ice cream increases.

Choose the correct answer from the options given below:

Which of the following are features of a perfect competitive market?

(A) Free entry and exit of firms.

(B) Huge selling cost.

(C) perfectly elastic demand curve.

(D) perfect market knowledge among buyers.

Choose the correct answer from the options given below:

In a perfectly competitive market, a firm produces and sells a certain amount of goods. Among the following what reflect the firm's profit?