In order to be effective, the price ceiling should be determined _______. Option 1: Below the market determined price. Option 2: Above the market determined price. Option 3: At the same level as of the market determined price. Option 4: Either above or below the market determined price.

The answer is 'Below the market determined price.'. View full solution:

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