Match List-I with List-II, List-I, List-II, (A) Zero excess demand and zero excess supply situation occurs in, (I) Wage rate, (B) Imposition of price ceiling below the equilibrium price leads to an, (II) Perfectly competitive market, (C) Where the labour demand and labour supply curves intersect,it determines, (III) Excess supply., (D) Imposition of price floor above the equilibrium price leads to an, (IV) Excess demand., Choose the correct answer from the options given below:

Question

Match List-I with List-II | List-I | List-II | |---|---| | (A) Zero excess demand and zero excess supply situation occurs in | (I) Wage rate | | (B) Imposition of price ceiling below the equilibrium price leads to an | (II) Perfectly competitive market | | (C) Where the labour demand and labour supply curves intersect,it determines | (III) Excess supply. | | (D) Imposition of price floor above the equilibrium price leads to an | (IV) Excess demand. | Choose the correct answer from the options given below:

Accepted Answer

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Answer

(A) - (I), (B) - (IV), (C) - (II), (D) - (III)

Answer

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

Answer

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

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.

List-I	List-II
(A) Leftward shift in both the supply and demand curve	(I) Equilibrium price remains unchanged
(B) Rightward shift in both supply and demand curve	(II) Equilibrium quantity increases
(C) Equal percentage of increase in both demand and supply curves	(III) Equilibrium quantity decreases
(D) Shifts in supply curve towards right and demand curve shifts left	(IV) Equilibrium quantity remains unchanged

List-I	List-II
(A) Zero excess demand and zero excess supply situation occurs in	(I) Wage rate
(B) Imposition of price ceiling below the equilibrium price leads to an	(II) Perfectly competitive market
(C) Where the labour demand and labour supply curves intersect,it determines	(III) Excess supply.
(D) Imposition of price floor above the equilibrium price leads to an	(IV) Excess demand.

Solution

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CUET Economics Past Year Questions (Topic-Wise)