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CUET Economics 2026 PYQs11 May Shift 2. Free, no login required.

Micro

past year questions, CUET Economics 2026 11 May Shift 2

Market Equilibrium

past year questions, Micro, CUET Economics 2026 11 May Shift 2

Medium

With the free entry of a new firm there will be a shift in the demand curve. How does that shift in the demand curve affect the equilibrium price?

Solution

✅ Correct Option: 3

With free entry and exit, the long run equilibrium price is tied down at the minimum average cost of firms. Any shift in the market demand curve is met by entry or exit of firms, which adjusts quantity and the number of firms while price returns to minimum AC. Hence the equilibrium price remains unchanged.

Related questions:

2025: 30 May Shift 1

Match List-I with List-II

Change in Demand or SupplyEffect on equilibrium price / equilibrium quantity
(A) Increase in demand > Increase in supply(I) equilibrium price will rise but no change in equilibrium quantity.
(B) Increase in supply when demand is perfectly inelastic(II) No change in equilibrium price.
(C) Same proportion of increase in demand and supply(III) equilibrium price will fall but no change in equilibrium quantity.
(D) Increase In demand when supply is perfectly inelastic(IV) equilibrium price and quantity will rise.

Choose the correct answer from the options given below:

2025: 28 May Shift 2

If supply curve shifts leftward and demand curve shifts rightward then how it will affect the pricing?

2025: 28 May Shift 1

Match List-I with List-II

List-IList-II
(A) Price elasticity of demand will be equal to1(I) When expenditure increases with a rise in price.
(B) Price elasticity of demand will be equal to 0(II) When expenditure decreases with a rise in price.
(C) Price elasticity of demand will be more than 1(III) When the quantity demanded doesn't change with the change in price.
(D) Price elasticity of demand will be less than1(IV) When expenditure doesn't change with the change in price.

Choose the correct answer from the options given below:

  1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
  2. (A) - (III), (B) - (IV), (C) - (II), (D) - (I)
  3. (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
  4. (A) - (IV), (B) - (III), (C) - (I), (D) - (II)

2025: 27 May Shift 2

Arrange the following statement when the market demand curve shifts rightward with the supply curve remaining unchanged.

(A) The shift indicates that at any price the quantity demanded is more than before.

(B) Some individuals will be willing to pay higher price and the price would tend to rise.

(C) There is excess demand.

(D) At the new equilibrium, quantity and price will be greater than before.

Choose the correct answer from the options given below:

2025: 16 May Shift 1

What will be the shape of unitary elastic supply curve?

2026: 11 May Shift 1

When excess demand for a commodity is reduced to zero, what happens to the market price for that commodity?

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