Arrange the following statements with reference to the impact of government price regulations on goods within the framework of perfect competition: A. Subsequently, Government sets minimum prices for these goods and services. B. For certain goods and services, fall price below a particular level is not desirable. C. Consequently, Government needs to buy the surplus at the predetermined price. D. Thus, this leads to an excess supply the market. Choose the correct answer from the options given below:

Question

Option 1: A, B, C, D

Option 2: A, B, D, C

Option 3: B, A, D, C

Option 4: C, B, D, A

AfterBoards · Accepted Answer

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

List-I	List-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.

CUET Economics 2026 21st May Shift 2 PYQs

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