CUET Economics - Equilibrium in a perfectly competitive market can be defined alternatively as: | PYQs + Solutions

CUET Economics 2026 6th June Shift 1

Micro

Easy

Excess supply and Excess demand.

Zero excess demand and Zero excess supply situation.

Excess Demand and Deficient supply.

Excess Supply and deficient demand.

✅ Correct Option: 2

Related questions:

21 May Shift 1

A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence.

(A) There will be upward pressure on the price of onions.

(B) The buyers will compete in order to get onions in the market.

(D) The market supply of onions decreases, leading to excess demand for the same.

Choose the correct answer from the options given below:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(II) Decrease in both equilibrium price and quantity.
(C) Increase in demand = Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(D) Decrease in demand < Decrease in supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.

Choose the correct answer from the options given below:

23rd May Shift 1

If there is excess demand in the market, the price would tend to change. How would the demand change to bring the market back to the equilibrium?

CUET Economics 2026 6th June Shift 1 PYQs

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