Question bank / Advanced Placement / AP Microeconomics AP Microeconomics: Unit 2: Supply and Demand Original, AI-authored English practice with worked guidance. Selected topics only; independent teacher review is pending. This is not a complete syllabus, official past-paper collection or predicted exam score. SubjectScout is not affiliated with or endorsed by College Board. SAT practice is not a full adaptive test; AP practice does not simulate an entire exam.
17 original questions across 6 selected topic areas. No account or payment required to practise.
6 questions in this topic. Exact English revisions checked in an AI-assisted academic review; independent teacher approval is still pending.
All topics Unit 1: Basic Economic Concepts (2) Unit 2: Supply and Demand (6) Unit 3: Production, Cost, and the Perfect Competition Model (2) Unit 4: Imperfect Competition (2) Unit 5: Factor Markets (3) Unit 6: Market Failure and the Role of Government (2) Official AP framework reference (framework only, not a source of copied questions).
Topic All topics Unit 1: Basic Economic Concepts Unit 2: Supply and Demand Unit 3: Production, Cost, and the Perfect Competition Model Unit 4: Imperfect Competition Unit 5: Factor Markets Unit 6: Market Failure and the Role of Government Practice view All questions Unanswered Bookmarked Review mistakes Difficulty All levels Foundation Standard Challenge Search questions
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Loading saved progress Question 2 · Unit 2: Supply and Demand · foundation
In a competitive bicycle market, consumer incomes rise and bicycles are a normal good. Supply is unchanged and upward sloping; demand is downward sloping. Other determinants are constant. What happens to equilibrium price and quantity? A. Both fall.B. Price falls and quantity rises.C. Price rises and quantity falls.D. Both rise.Check answer Question 3 · Unit 2: Supply and Demand · challenge
Along an unchanged demand curve, price rises from $8 to $12 and quantity demanded falls from 120 to 80. Using midpoint percentage changes, what is the absolute price elasticity of demand over this interval? A. 1.0 (unit elastic)B. 0.5 (inelastic)C. 1.5 (elastic)D. 2.0 (elastic)Check answer Question 8 · Unit 2: Supply and Demand · challenge
A competitive market has Qd = 100 - 2Pc and Qs = 4Ps - 20, where Pc is the price buyers pay and Ps is the price sellers receive. A $6 per-unit tax on sellers creates Pc = Ps + 6. With these curves otherwise unchanged, what are the new prices? A. Pc = $26; Ps = $20B. Pc = $20; Ps = $14C. Pc = $24; Ps = $18D. Pc = $22; Ps = $16Check answer Question 9 · Unit 2: Supply and Demand · standard
A competitive market has Qd = 100 - 2P and Qs = 4P - 20. An enforced price ceiling sets P = $15. Assume no black market and no other changes. What shortage results? A. No shortage, because the ceiling is nonbinding.B. 30 unitsC. 40 unitsD. 70 unitsCheck answer Question 10 · Unit 2: Supply and Demand · standard
A competitive market has inverse demand P = 50 - Q and inverse supply P = 10 + Q. Quantity is continuous, with no taxes, externalities, or trade. What are consumer surplus and producer surplus at equilibrium? A. Consumer surplus $400; producer surplus $400B. Consumer surplus $200; producer surplus $200C. Consumer surplus $600; producer surplus $200D. Consumer surplus $200; producer surplus $600Check answer Question 12 · Unit 2: Supply and Demand · challenge
A small importing country has Qd = 100 - 2P and Qs = 2P. World price is $10. A $5 per-unit import tariff raises domestic price to $15 while world price stays fixed. Assume competitive markets, continuous quantities, no externalities, and no other distortions. What are tariff revenue and national deadweight loss relative to free trade? A. Revenue $200; deadweight loss $50B. Revenue $300; deadweight loss $50C. Revenue $200; deadweight loss $100D. Revenue $350; deadweight loss $200Check answer All Advanced Placement subjects
