Arrange the following statements in correct sequence to determine the market equilibrium when the number of firms is fixed. (A) There is excess demand in the market. (B) Quantity demanded falls due to law of demand and quantity supplied increases due to law of supply(keeping other factors constant) (C) The market price would tend to increase. (D) The market moves towards the point where the quantity that the firms want to sell is equal to the quantity that the consumers want to buy. Choose the correct answer from the options given below:

Question

Option 1: (A), (B), (C), (D)

Option 2: (A), (C), (B), (D)

Option 3: (B), (A), (D), (C)

Option 4: (C), (B), (D), (A)

AfterBoards · Accepted Answer

The answer is '(A), (C), (B), (D)'. View full solution:

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.

CUET Economics 2026 13h May Shift 2 PYQs

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