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CUET Economics 2026 PYQs12 May Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2026 12 May Shift 1

Market Equilibrium

past year questions, Micro, CUET Economics 2026 12 May Shift 1

Medium

Match List-I with List-II

List-IList-II
(A) Increase in demand and no change in supply(I) Equilibrium quantity decreases.
(B) Both demand and supply increase(II) Equilibrium quantity increases.
(C) Decrease in supply and no change in demand(III) Change in price depends on magnitude of shift
(D) Increase in demand and decrease in supply(IV) Equilibrium price increases.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

With demand up and supply unchanged (A), both price and quantity rise; here quantity increase (II) fits. When both curves shift right (B), quantity rises but the price change depends on the relative magnitude of shifts (III). Supply falling with demand unchanged (C) reduces equilibrium quantity (I). Demand up and supply down (D) unambiguously raises price (IV).

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In order to be effective, the price ceiling should be determined _______.

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Imposition of price ceilings usually results into?

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Equilibrium in a perfectly competitive market can be defined alternatively as:

2026: 11 May Shift 1

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

2025: 30 May Shift 2

Match List-I with List-II

List-IList-II
(A) Demand and supply curve shift leftward(I) Quantity may increase, decrease or remain unchanged and price decreases
(B) Demand and supply curve shift rightward(II) Quantity may increase, decrease or remain unchanged and price increases
(C) Demand curve shifts leftward and supply curve rightward(III) Quantity decreases and price may increase, decrease or remain unchanged
(D) Demand curve shifts rightward and supply curve leftward(IV) Quantity increases and prices may increase, decrease or remain unchanged

Choose the correct answer from the options given below:

2025: 31 May Shift 1

Suppose in the long run, the government imposed a tax on the supply of a commodity. How does it affect the equilibrium quantity of commodity?

  1. The quantity of commodity will decrease.
  2. The quantity of commodity will increase.
  3. The quantity of commodity will remain same.
  4. The supply curve will shift rightwards which will decrease quantity of commodity.

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