CUET Economics - In order to be effective, the price ceiling should be determined _______. | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Easy

Below the market determined price.

Above the market determined price.

At the same level as of the market determined price.

Either above or below the market determined price.

✅ Correct Option: 1

Related questions:

3 June Shift 1

At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per unit, calculate the quantity supplied at the new price?

30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Demand and supply curve shift leftward	(I) Quantity may increase, decrease or remain unchanged and price decreases
(B) Demand and supply curve shift rightward	(II) Quantity may increase, decrease or remain unchanged and price increases
(C) Demand curve shifts leftward and supply curve rightward	(III) Quantity decreases and price may increase, decrease or remain unchanged
(D) Demand curve shifts rightward and supply curve leftward	(IV) Quantity increases and prices may increase, decrease or remain unchanged

Choose the correct answer from the options given below:

28 May Shift 2

If supply curve shifts leftward and demand curve shifts rightward then how it will affect the pricing?

CUET Economics 2025 26 May Shift 2 PYQs

Keyboard Shortcuts