The government imposed lower limit on the price that may be charged for a particular good or service is called? Option 1: Non-market price Option 2: Price floor Option 3: Price ceiling Option 4: Market price

The answer is 'Price floor'. View full solution:

CUET Economics - The government imposed lower limit on the price that may be charged for a particular good or service is called? | PYQs + Solutions

CUET Economics 2026 6th June Shift 1

Micro

Easy

Non-market price

Price floor

Price ceiling

Market price

✅ Correct Option: 2