CUET Economics Micro > Market Equilibrium PYQs

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CUET Economics

Q1:

3 June Shift 2

Micro

Easy

Q1:

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Easy

Q2:

$(\Delta Q/Q) * (P/\Delta P)$

$(\Delta Q/Q) * (\Delta P/P)$

$(Q_1-Q_2/Q_1) * (P_1-P_2/P_1)$

$(Q_2-Q_1/Q_2) * (P_2-P_1/P_2)$

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 2

Micro

Medium

Q3:

$0.3$

$0.5$

$0.4$

$-0.3$

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

3 June Shift 2

Micro

Easy

Q4:

Perfectly Elastic

Perfectlty Inelastic

Unitary Elastic

Less Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q5:

3 June Shift 2

Micro

Easy

Q5:

Elastic

Less Elastic

Inelastic

More Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

3 June Shift 2

Micro

Medium

Q6:

Directly related

Indirectly related

Proportionately related

Not related

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

3 June Shift 1

Micro

Medium

Q7:

200 units

275 units

125 units

100 units

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

3 June Shift 1

Micro

Medium

Q8:

Only equilibrium price remains unchanged.

Only equilibrium quantity remains unchanged.

Equilibrium price remains unchanged but equilibrium quantity decreases.

Equilibrium price remains unchanged but equilibrium quantity increases.

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

2 June Shift 1

Micro

Easy

Q9:

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

2 June Shift 1

Micro

Medium

Q10:

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

Correct Answer

Option 2

Correct Answer

Explanation →

Q11:

2 June Shift 1

Micro

Medium

Q11:

300 Units.

450 Units.

600 Units.

150 Units.

Correct Answer

Option 4

Correct Answer

Explanation →

Q12:

2 June Shift 1

Micro

Medium

Q12:

When demand for the commodity is perfectly elastic.

When demand for the commodity is perfectly inelastic.

When demand for the commodity is less elastic.

When demand for the commodity is more elastic.

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

2 June Shift 1

Micro

Easy

Q13:

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q14:

2 June Shift 1

Micro

Medium

Q14:

Elasticity of supply is less than one.

Elasticity of supply is equal to one.

Elasticity of supply is greater than one.

Elasticity of supply is equal to zero.

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

2 June Shift 1

Micro

Medium

Q15:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q16:

31 May Shift 1

Micro

Medium

Q16:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q17:

31 May Shift 1

Micro

Easy

Q17:

Zero

One

Between one and zero

Infinite

Correct Answer

Option 1

Correct Answer

Explanation →

Q18:

31 May Shift 1

Micro

Easy

Q18:

Supply curve is sloping downward.

Supply curve is horizontal.

Supply curve is upwards sloping.

Supply curve is vertical.

Correct Answer

Option 4

Correct Answer

Explanation →

Q19:

31 May Shift 1

Micro

Medium

Q19:

The quantity of commodity will decrease.

The quantity of commodity will increase.

The quantity of commodity will remain same.

The supply curve will shift rightwards which will decrease quantity of commodity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

31 May Shift 1

Micro

Easy

Q20:

Labour demand=0

Labour Demand= Labour Supply

Labour Supply=Labour Demand=0

Wages= Marginal Revenue from labour x Price

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

30 May Shift 2

Micro

Medium

Q21:

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

30 May Shift 2

Micro

Medium

Q22:

e_p > -1

e_p < -1

e_p = -1

e_p = 0

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

30 May Shift 2

Micro

Medium

Q23:

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q24:

30 May Shift 2

Micro

Easy

Q24:

Downward

Upward

Vertical

Horizontal

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

30 May Shift 2

Micro

Medium

Q25:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

30 May Shift 1

Micro

Medium

Q26:

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

30 May Shift 1

Micro

Medium

Q27:

e=-1

e.=1.25

e.=2

e.=1.75

Correct Answer

Option 3

Correct Answer

Explanation →

Q28:

30 May Shift 1

Micro

Medium

Q28:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (IV), (C) - (II), (D) - (IV)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Correct Answer

Option 1

Correct Answer

Explanation →

Q29:

30 May Shift 1

Micro

Easy

Q29:

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

29 May Shift 2

Micro

Medium

Q30:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

29 May Shift 2

Micro

Medium

Q31:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

29 May Shift 1

Micro

Medium

Q32:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q33:

29 May Shift 1

Micro

Easy

Q33:

1.0

1.8

0.8

1.25

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

28 May Shift 2

Micro

Easy

Q34:

Output Market.

Labour Market.

Goods Market.

Financial Market.

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

28 May Shift 2

Micro

Medium

Q35:

(A), (C), (B), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

28 May Shift 2

Micro

Easy

Q36:

Other variables remain constant.

One variable remain constant.

Other variables remain flexible.

One variable remain flexible.

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

28 May Shift 2

Micro

Medium

Q37:

Increase the price.

Decrease the price.

Price remain constant.

Price may increase or decrease.

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

28 May Shift 1

Micro

Medium

Q38:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q39:

27 May Shift 2

Micro

Medium

Q39:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q40:

27 May Shift 2

Micro

Medium

Q40:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

27 May Shift 2

Micro

Hard

Q41:

(A), (B), (C), (D)

(D), (B), (A), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

26 May Shift 2

Micro

Medium

Q42:

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

26 May Shift 2

Micro

Easy

Q43:

Excess demand for the good in the market.

Excess supply of the good in the market.

Surplus availability of the good in the market.

No effect on the market.

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

26 May Shift 2

Micro

Easy

Q44:

There will now be excess supply of apartments

There will now be excess demand for apartments

The market determined rent will now rise above 200 per month

There will be no impact of this intervention on the market of apartments

Correct Answer

Option 4

Correct Answer

Explanation →

Q45:

26 May Shift 2

Micro

Easy

Q45:

Price floor.

Random price fixation.

Maximum price fixation.

Minium Support price.

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

26 May Shift 2

Micro

Easy

Q46:

Excess demand of 25 units.

Excess supply of 25 units.

Excess demand for 30 units.

Excess supply of 30 units.

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

26 May Shift 2

Micro

Easy

Q47:

Below the market determined price.

Above the market determined price.

At the same level as of the market determined price.

Either above or below the market determined price.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

22 May Shift 2

Micro

Medium

Q48:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

22 May Shift 1

Micro

Medium

Q49:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q50:

22 May Shift 1

Micro

Easy

Q50:

Input Market.

Output Market.

Financial Market.

Labour Market.

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

21 May Shift 1

Micro

Medium

Q51:

(A), (B), (D), (C)

(A), (D), (B), (C)

(D), (A), (B), (C)

(D), (B), (A), (C)

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

21 May Shift 1

Micro

Easy

Q52:

Excess demand of 20 units.

Excess supply of 20 units.

Excess demand for 50 units.

Excess supply of 30 units.

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

21 May Shift 1

Micro

Easy

Q53:

Consumers.

Producers.

Both consumers and producers.

Government.

Correct Answer

Option 2

Correct Answer

Explanation →

Q54:

21 May Shift 1

Micro

Medium

Q54:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

21 May Shift 1

Micro

Easy

Q55:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q56:

21 May Shift 1

Micro

Easy

Q56:

The wage rate will fall.

The wage rate will rise.

The wage rate will remain unaffected.

Unemployment will increase.

Correct Answer

Option 3

Correct Answer

Explanation →

Q57:

16 May Shift 1

Micro

Medium

Q57:

The government imposes a lower limit on the purchase price for some of the goods.

The floor is normally set at a level lower than the market-determined price for these goods.

It leads to an excess supply in the market.

It is also known as minimum support price(MSP).

Correct Answer

Option 2

Correct Answer

Explanation →

Q58:

16 May Shift 1

Micro

Medium

Q58:

45° upward sloping line.

A straight upward sloping line intercepting X axix.

downward sloping line.

A downward sloping line passing through the origin.

Correct Answer

Option 1

Correct Answer

Explanation →

Q59:

16 May Shift 1

Micro

Medium

Q59:

1.3

0.5

Correct Answer

Option Drop

Correct Answer

Explanation →

Q60:

16 May Shift 1

Micro

Medium

Q60:

When the price of the good and total expenditure on it change in the same direction.

When the price of the good and total expenditure on it change in the opposite direction.

When the price of the good and does not affect the total expenditure.

When the income of the consumer and total expenditure on it change in the same direction.

Correct Answer

Option 2

Correct Answer

Explanation →

Q61:

15 May Shift 1

Micro

Easy

Q61:

0.4

0.5

1.25

2.5

Correct Answer

Option 1

Correct Answer

Explanation →

Q62:

15 May Shift 1

Micro

Medium

Q62:

Rs 90

Rs 80

Rs 70

Rs 60

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

15 May Shift 1

Micro

Medium

Q63:

Rs 10

Rs 35

Rs 55

Rs 65

Correct Answer

Option 4

Correct Answer

Explanation →

Q64:

15 May Shift 1

Micro

Medium

Q64:

Increase in demand = increase in supply

Demand had increased but supply is unchanged.

Increase in demand = Decrease in supply

Increase in demand is greater than Increase in supply

Correct Answer

Option 1

Correct Answer

Explanation →

Q65:

15 May Shift 1

Micro

Medium

Q65:

$p - 35$

$p - 70$

$2(p - 35)$

$2(35 - p)$

Correct Answer

Option 3

Correct Answer

Explanation →

Q66:

15 May Shift 1

Micro

Medium

Q66:

Excess demand of 68 units.

Excess supply of 68 units.

Excess demand of 330 units.

Excess supply of 220 units.

Correct Answer

Option 1

Correct Answer

Explanation →

Q67:

14 May Shift 1

Micro

Medium

Q67:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q68:

13 May Shift 2

Micro

Medium

Q68:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (A), (B)

Correct Answer

Option 4

Correct Answer

Explanation →

Q69:

13 May Shift 2

Micro

Medium

Q69:

Correct Answer

Option 1

Correct Answer

Explanation →

Q70:

13 May Shift 2

Micro

Easy

Q70:

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

Correct Answer

Option 1

Correct Answer

Explanation →

Q71:

13 May Shift 1

Micro

Medium

Q71:

0.3

0.2

0.5

0.4

Correct Answer

Option 3

Correct Answer

Explanation →

Q72:

CUET Economics 2023 Slot 4

Micro

Medium

Q72:

Larger quantity demanded due to fall in own price of commodity

Larger quantity demanded due to fall in price of substitute goods

Larger quantity demanded due to rise in price of substitute goods

Larger quantity demanded due to rise in own price of commodity

Correct Answer

Option 3

Correct Answer

Explanation →

Q73:

CUET Economics 2023 Slot 4

Micro

Easy

Q73:

5 units

10 units

0 units

50 units

Correct Answer

Option 2

Correct Answer

Explanation →

CUET Economics Micro > Market Equilibrium PYQs

Filter & Analyse PYQs (Topic-Wise) →

No login required. No pop-ups. We have all previous-year questions with solutions for free!

CUET Economics

Q1:

3 June Shift 2

Micro

Easy

Q1:

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Easy

Q2:

$(\Delta Q/Q) * (P/\Delta P)$

$(\Delta Q/Q) * (\Delta P/P)$

$(Q_1-Q_2/Q_1) * (P_1-P_2/P_1)$

$(Q_2-Q_1/Q_2) * (P_2-P_1/P_2)$

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 2

Micro

Medium

Q3:

$0.3$

$0.5$

$0.4$

$-0.3$

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

3 June Shift 2

Micro

Easy

Q4:

Perfectly Elastic

Perfectlty Inelastic

Unitary Elastic

Less Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q5:

3 June Shift 2

Micro

Easy

Q5:

Elastic

Less Elastic

Inelastic

More Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

3 June Shift 2

Micro

Medium

Q6:

Directly related

Indirectly related

Proportionately related

Not related

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

3 June Shift 1

Micro

Medium

Q7:

200 units

275 units

125 units

100 units

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

3 June Shift 1

Micro

Medium

Q8:

Only equilibrium price remains unchanged.

Only equilibrium quantity remains unchanged.

Equilibrium price remains unchanged but equilibrium quantity decreases.

Equilibrium price remains unchanged but equilibrium quantity increases.

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

2 June Shift 1

Micro

Easy

Q9:

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

2 June Shift 1

Micro

Medium

Q10:

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

Correct Answer

Option 2

Correct Answer

Explanation →

Q11:

2 June Shift 1

Micro

Medium

Q11:

300 Units.

450 Units.

600 Units.

150 Units.

Correct Answer

Option 4

Correct Answer

Explanation →

Q12:

2 June Shift 1

Micro

Medium

Q12:

When demand for the commodity is perfectly elastic.

When demand for the commodity is perfectly inelastic.

When demand for the commodity is less elastic.

When demand for the commodity is more elastic.

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

2 June Shift 1

Micro

Easy

Q13:

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q14:

2 June Shift 1

Micro

Medium

Q14:

Elasticity of supply is less than one.

Elasticity of supply is equal to one.

Elasticity of supply is greater than one.

Elasticity of supply is equal to zero.

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

2 June Shift 1

Micro

Medium

Q15:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q16:

31 May Shift 1

Micro

Medium

Q16:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q17:

31 May Shift 1

Micro

Easy

Q17:

Zero

One

Between one and zero

Infinite

Correct Answer

Option 1

Correct Answer

Explanation →

Q18:

31 May Shift 1

Micro

Easy

Q18:

Supply curve is sloping downward.

Supply curve is horizontal.

Supply curve is upwards sloping.

Supply curve is vertical.

Correct Answer

Option 4

Correct Answer

Explanation →

Q19:

31 May Shift 1

Micro

Medium

Q19:

The quantity of commodity will decrease.

The quantity of commodity will increase.

The quantity of commodity will remain same.

The supply curve will shift rightwards which will decrease quantity of commodity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

31 May Shift 1

Micro

Easy

Q20:

Labour demand=0

Labour Demand= Labour Supply

Labour Supply=Labour Demand=0

Wages= Marginal Revenue from labour x Price

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

30 May Shift 2

Micro

Medium

Q21:

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

30 May Shift 2

Micro

Medium

Q22:

e_p > -1

e_p < -1

e_p = -1

e_p = 0

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

30 May Shift 2

Micro

Medium

Q23:

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q24:

30 May Shift 2

Micro

Easy

Q24:

Downward

Upward

Vertical

Horizontal

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

30 May Shift 2

Micro

Medium

Q25:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

30 May Shift 1

Micro

Medium

Q26:

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

30 May Shift 1

Micro

Medium

Q27:

e=-1

e.=1.25

e.=2

e.=1.75

Correct Answer

Option 3

Correct Answer

Explanation →

Q28:

30 May Shift 1

Micro

Medium

Q28:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (IV), (C) - (II), (D) - (IV)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Correct Answer

Option 1

Correct Answer

Explanation →

Q29:

30 May Shift 1

Micro

Easy

Q29:

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

29 May Shift 2

Micro

Medium

Q30:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

29 May Shift 2

Micro

Medium

Q31:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

29 May Shift 1

Micro

Medium

Q32:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q33:

29 May Shift 1

Micro

Easy

Q33:

1.0

1.8

0.8

1.25

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

28 May Shift 2

Micro

Easy

Q34:

Output Market.

Labour Market.

Goods Market.

Financial Market.

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

28 May Shift 2

Micro

Medium

Q35:

(A), (C), (B), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

28 May Shift 2

Micro

Easy

Q36:

Other variables remain constant.

One variable remain constant.

Other variables remain flexible.

One variable remain flexible.

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

28 May Shift 2

Micro

Medium

Q37:

Increase the price.

Decrease the price.

Price remain constant.

Price may increase or decrease.

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

28 May Shift 1

Micro

Medium

Q38:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q39:

27 May Shift 2

Micro

Medium

Q39:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q40:

27 May Shift 2

Micro

Medium

Q40:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

27 May Shift 2

Micro

Hard

Q41:

(A), (B), (C), (D)

(D), (B), (A), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

26 May Shift 2

Micro

Medium

Q42:

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

26 May Shift 2

Micro

Easy

Q43:

Excess demand for the good in the market.

Excess supply of the good in the market.

Surplus availability of the good in the market.

No effect on the market.

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

26 May Shift 2

Micro

Easy

Q44:

There will now be excess supply of apartments

There will now be excess demand for apartments

The market determined rent will now rise above 200 per month

There will be no impact of this intervention on the market of apartments

Correct Answer

Option 4

Correct Answer

Explanation →

Q45:

26 May Shift 2

Micro

Easy

Q45:

Price floor.

Random price fixation.

Maximum price fixation.

Minium Support price.

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

26 May Shift 2

Micro

Easy

Q46:

Excess demand of 25 units.

Excess supply of 25 units.

Excess demand for 30 units.

Excess supply of 30 units.

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

26 May Shift 2

Micro

Easy

Q47:

Below the market determined price.

Above the market determined price.

At the same level as of the market determined price.

Either above or below the market determined price.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

22 May Shift 2

Micro

Medium

Q48:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

22 May Shift 1

Micro

Medium

Q49:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q50:

22 May Shift 1

Micro

Easy

Q50:

Input Market.

Output Market.

Financial Market.

Labour Market.

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

21 May Shift 1

Micro

Medium

Q51:

(A), (B), (D), (C)

(A), (D), (B), (C)

(D), (A), (B), (C)

(D), (B), (A), (C)

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

21 May Shift 1

Micro

Easy

Q52:

Excess demand of 20 units.

Excess supply of 20 units.

Excess demand for 50 units.

Excess supply of 30 units.

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

21 May Shift 1

Micro

Easy

Q53:

Consumers.

Producers.

Both consumers and producers.

Government.

Correct Answer

Option 2

Correct Answer

Explanation →

Q54:

21 May Shift 1

Micro

Medium

Q54:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

21 May Shift 1

Micro

Easy

Q55:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q56:

21 May Shift 1

Micro

Easy

Q56:

The wage rate will fall.

The wage rate will rise.

The wage rate will remain unaffected.

Unemployment will increase.

Correct Answer

Option 3

Correct Answer

Explanation →

Q57:

16 May Shift 1

Micro

Medium

Q57:

The government imposes a lower limit on the purchase price for some of the goods.

The floor is normally set at a level lower than the market-determined price for these goods.

It leads to an excess supply in the market.

It is also known as minimum support price(MSP).

Correct Answer

Option 2

Correct Answer

Explanation →

Q58:

16 May Shift 1

Micro

Medium

Q58:

45° upward sloping line.

A straight upward sloping line intercepting X axix.

downward sloping line.

A downward sloping line passing through the origin.

Correct Answer

Option 1

Correct Answer

Explanation →

Q59:

16 May Shift 1

Micro

Medium

Q59:

1.3

0.5

Correct Answer

Option Drop

Correct Answer

Explanation →

Q60:

16 May Shift 1

Micro

Medium

Q60:

When the price of the good and total expenditure on it change in the same direction.

When the price of the good and total expenditure on it change in the opposite direction.

When the price of the good and does not affect the total expenditure.

When the income of the consumer and total expenditure on it change in the same direction.

Correct Answer

Option 2

Correct Answer

Explanation →

Q61:

15 May Shift 1

Micro

Easy

Q61:

0.4

0.5

1.25

2.5

Correct Answer

Option 1

Correct Answer

Explanation →

Q62:

15 May Shift 1

Micro

Medium

Q62:

Rs 90

Rs 80

Rs 70

Rs 60

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

15 May Shift 1

Micro

Medium

Q63:

Rs 10

Rs 35

Rs 55

Rs 65

Correct Answer

Option 4

Correct Answer

Explanation →

Q64:

15 May Shift 1

Micro

Medium

Q64:

Increase in demand = increase in supply

Demand had increased but supply is unchanged.

Increase in demand = Decrease in supply

Increase in demand is greater than Increase in supply

Correct Answer

Option 1

Correct Answer

Explanation →

Q65:

15 May Shift 1

Micro

Medium

Q65:

$p - 35$

$p - 70$

$2(p - 35)$

$2(35 - p)$

Correct Answer

Option 3

Correct Answer

Explanation →

Q66:

15 May Shift 1

Micro

Medium

Q66:

Excess demand of 68 units.

Excess supply of 68 units.

Excess demand of 330 units.

Excess supply of 220 units.

Correct Answer

Option 1

Correct Answer

Explanation →

Q67:

14 May Shift 1

Micro

Medium

Q67:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q68:

13 May Shift 2

Micro

Medium

Q68:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (A), (B)

Correct Answer

Option 4

Correct Answer

Explanation →

Q69:

13 May Shift 2

Micro

Medium

Q69:

Correct Answer

Option 1

Correct Answer

Explanation →

Q70:

13 May Shift 2

Micro

Easy

Q70:

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

Correct Answer

Option 1

Correct Answer

Explanation →

Q71:

13 May Shift 1

Micro

Medium

Q71:

0.3

0.2

0.5

0.4

Correct Answer

Option 3

Correct Answer

Explanation →

Q72:

CUET Economics 2023 Slot 4

Micro

Medium

Q72:

Larger quantity demanded due to fall in own price of commodity

Larger quantity demanded due to fall in price of substitute goods

Larger quantity demanded due to rise in price of substitute goods

Larger quantity demanded due to rise in own price of commodity

Correct Answer

Option 3

Correct Answer

Explanation →

Q73:

CUET Economics 2023 Slot 4

Micro

Easy

Q73:

5 units

10 units

0 units

50 units

Correct Answer

Option 2

Correct Answer

Explanation →