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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

Easy

Imposition of price ceiling below the equilibrium price leads to__________

Solution

✅ Correct Option: 4

A price ceiling fixes the maximum price below the equilibrium level. At this lower price, quantity demanded rises while quantity supplied falls, creating excess demand (shortage) in the market.

Related questions:

2025: 26 May Shift 2

Match List-I with List-II

List-IList-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:

2025: 16 May Shift 1

In which of the following, the demand for a good will be highly price elastic?

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.

2025: 22 May Shift 1

The price elasticity of demand is different at different points on the linear demand curve. Arrange the elasticity point on a downward sloping (left to right) demand curve.

(A). |ed| < 0

(B). |ed| = 1

(C). |ed| > 1

(D). |ed| < 1

Choose the correct answer from the options given below:

2023: 1 June Shift 1

Increase in demand refers to :

2023: 1 June Shift 1

For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is :

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CUET Economics Past Year Questions (Topic-Wise)