Ap micro unit 2 practice mc questions

University: Michigan State University

Course: Introduction To Microeconomics (EC 201)

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AP Microeconomics

Unit 2: Supply, Demand and Consumer Choice

Practice Questions

1. The demand curve for a normal good slopes down for which of the following reasons?

I. An increase in the price of the good induces consumers to purchase substitute

products.

II. An increase in the price of the good reduces consumer’ purchasing power.

III. An increase in the price of the good increases consumers’ utility from consuming

that good.

A. I only

B. II only

C. III only

D. I and II only

E. I and III only

2. Which of the following will NOT change the demand for oranges?

A. A change in consumers’ incomes.

B. A change in the price of grapefruits, a substitute for oranges.

C. A change in the price of oranges.

D. A change in the consumers’ taste for oranges.

E. An expectation that the price of oranges will increase in the future.

3. If there is an increase in demand for a good, what will most likely happen to the price and

quantity of the good exchanged?

Price Quantity

A. No Change No Change

B. Increase Increase

C. Increase Decrease

D. Decrease Increase

E. Decrease Decrease

4. If hot dogs are an inferior good, an increase in income will result in:

A. An increase in the quantity demanded for hot dogs.

B. An increase in the demand for hot dogs.

C. A decrease in the quantity demanded for hot dogs.

D. A decrease in the demand for hot dogs.

E. No change in the quantity demanded for hot dogs.

AP Microeconomics Test

Unit 2: Supply, Demand and Consumer Choice Page 1

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