CUET Economics 2025 26 May Shift 2 PYQs

Arrange the following statement of government intervention in the form of price control.

(A) The government sets floors or minimum prices for these goods and services.

(B) A fall in price below a particular level is not desirable.

(C) The price charged for a particular good or service is called the price floor.

(D) The government imposed a lower limit on the price.

Choose the correct answer from the options given below:

Downward movement along the demand curve is caused by _________.

If the demand for salt increases supply remains the same and the new demand curve is

$Q_D = 400 - p$

What will be the new equilibrium price and quantity?