Micro

Market Equilibrium

Easy

Excess demand and excess supply can be adjusted by the invisible hand to reach the ________________ .

Disequillibrium

Equilibrium

Substitution effect

Income effect

✅ Correct Option: 2

According to Adam Smith's invisible hand, market forces automatically correct excess demand (price rises) and excess supply (price falls) until the market reaches equilibrium, where quantity demanded equals quantity supplied.

2025: 13 May Shift 2

Minimum support price of a foodgrain is the example of _______

2026: 13 May Shift 1

What happens when both demand and supply curves shift rightwards simultaneously? Identify the correct statements from the following in this context.

(A) Qunatity will increase.

(B) Qunatity will decrease.

(D) Price may increase, decrease or remain unchanged.

Choose the correct answer from the options given below:

2025: 31 May Shift 1

When the price elasticity of supply is equal to zero. Then..........

Supply curve is sloping downward.
Supply curve is horizontal.
Supply curve is upwards sloping.
Supply curve is vertical.

2026: 20 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Demand and Supply shift leftward..	(I) Price decreases.
(B) Demand and Supply shift rightward.	(II) Quantity decreases.
(C) Demand shifts leftward , Supply shifts rightward.	(III) Price increases.
(D) Demand shifts rightward,Supply shifts leftward.	(IV) Quantity increases.

Choose the correct answer from the options given below:

2025: 3 June Shift 2

If the government fixed maximum price of product below the market price then product will have?

2025: 30 May Shift 1

What will be elasticity of demand of a commodity when its price rises by 20% and quantity demanded falls from 125 units to 75 units?

Excess demand and excess supply can be adjusted by the invisible hand to reach the ________________ .

Solution

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CUET Economics Past Year Questions (Topic-Wise)