AP Microeconomics MCQs
Recommended study guides
Answer 5 questions to see which guides will help you the most
Keyboard Controls
A, B, C, D: Select the corresponding answer
K: Clear grid temporarily
Practice Settings
AP Microeconomics practice questions by unit
Fiveable has 8,068 AP Microeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time.
- Unit 1 – Basic Economic Concepts: 1,353 multiple-choice questions
- Unit 2 – Supply and Demand: 2,218 multiple-choice questions
- Unit 3 – Production, Cost, and the Perfect Competition Model: 1,540 multiple-choice questions
- Unit 4 – Imperfect Competition: 964 multiple-choice questions
- Unit 5 – Factor Markets: 906 multiple-choice questions
- Unit 6 – Market Failure and the Role of Government: 1,087 multiple-choice questions
Sample AP Microeconomics practice question
In a perfectly competitive market for wool, the linear demand curve intersects the vertical axis at $40. At the market equilibrium, the price is $24 and the quantity sold is 500 units. What is the value of consumer surplus in this market?
$4,000
$8,000
$12,000
$16,000
$6,000
Explanation
Calculating the area of the consumer surplus triangle requires the formula 0.5 × base × height. With a base of 500 units and a height of $16 ($40 intercept - $24 price), the area is 0.5 × 500 × 16 = 4,000.
More AP Microeconomics practice
- Long FRQ practice: Long FRQ (Question 1) questions scored by part
- Question 2 Short FRQ practice: Short FRQ (Question 2) questions scored by part
- Question 3 Short FRQ practice: Short FRQ (Question 3) questions scored by part
- AP Microeconomics unit tests: a timed practice test for every unit
- AP Microeconomics full-length practice exams