Supply and Demand
Study Guide Overview
This AP Microeconomics study guide covers supply and demand fundamentals, including the demand curve and the law of demand, the supply curve and the law of supply, and market equilibrium. It emphasizes the distinction between changes in quantity supplied/demanded versus supply/demand. The guide also provides practice questions, including multiple-choice and free-response questions, focusing on graphing, analyzing market shifts, and understanding government interventions like price floors and ceilings.
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Question 1 of 11
What does the demand curve represent? 🤔
The total of all individual demands at various price points
The sum of all individual suppliers at different price points
The relationship between quantity supplied and price
The point where supply and demand are equal