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  1. AP Microeconomics
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Supply and Demand

Question 1
MicroeconomicsAPConcept Practice
1 mark

Which of the following is a determinant of demand?

Question 2
MicroeconomicsAPConcept Practice
1 mark

Coffee and tea are examples of what type of goods?

Question 3
MicroeconomicsAPConcept Practice
1 mark

How would an increase in the price of resources affect the supply of the final product?

Question 4
MicroeconomicsAPConcept Practice
1 mark

Which of the following best describes the law of demand?

Question 5
MicroeconomicsAPConcept Practice
1 mark

Do taxes increase or decrease supply?

Question 6
MicroeconomicsAPConcept Practice
1 mark

If the government imposes a tax on the production of a good, what will happen to the supply curve?

Question 7
MicroeconomicsAPConcept Practice
1 mark

Which of the following is true of an inferior good?

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Question 8
MicroeconomicsAPConcept Practice
1 mark

Which of the following is a determinant of supply?

Question 9
MicroeconomicsAPConcept Practice
1 mark

If the price of coffee increases, what will likely happen to the demand for tea?

Question 10
MicroeconomicsAPConcept Practice
1 mark

How would an increase in consumer income affect the demand for a normal good?