CUET Economics - 'Through the minimum wage legislation, the government ensures that the wage rate of labourer's does not fall below a particular level.' The said statement implies which of the following concept. | PYQs + Solutions

CUET Economics 2026 11th May Shift 2

Micro

Easy

Equilibrium Price

Producer's Equilibrium

Price Ceiling

Price Floor

✅ Correct Option: 4

Related questions:

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:

28 May Shift 2

In the determination of a particular variable, the assumption of "ceteris paribus" stands for.

11th May Shift 2

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?

CUET Economics 2026 11th May Shift 2 PYQs