---
title: "AP Microeconomics Guided Practice"
description: "Fiveable has 8,067 AP Microeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time."
canonical: "https://fiveable.me/ap-micro/guided-practice"
type: "guided-practice"
subject: "AP Microeconomics"
---

# AP Microeconomics Guided Practice

## Overview

Fiveable has 8,067 AP Microeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time.

## Practice Questions by Unit

- 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: 1,086 multiple-choice questions

## Sample 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?

- (A) $4,000
- (B) $8,000
- (C) $12,000
- (D) $16,000
- (E) $6,000

**Answer: (A)** 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.

## Related Practice

- [Long FRQ practice: Long FRQ (Question 1) questions scored by part](/ap-micro/frqs/long-frq)
- [Question 2 Short FRQ practice: Short FRQ (Question 2) questions scored by part](/ap-micro/frqs/short-frq-2)
- [Question 3 Short FRQ practice: Short FRQ (Question 3) questions scored by part](/ap-micro/frqs/short-frq-3)
- [AP Microeconomics unit tests: a timed practice test for every unit](/ap-micro/unit-test)
- [AP Microeconomics full-length practice exams](/ap-micro/practice-exams)
- [AP Microeconomics subject hub](/ap-micro)

## About This Document

Canonical Fiveable pages are available as Markdown at the same path plus `.md`.

- [llms.txt](https://fiveable.me/llms.txt): index of Fiveable's sections and URL patterns
- [llms-full.txt](https://fiveable.me/llms-full.txt): complete subject and unit listing
- [MCP server](https://fiveable.me/mcp): call Fiveable as tools instead of fetching pages (`https://fiveable.me/api/mcp`)
- [MCP server for AP teachers](https://fiveable.me/mcp/teachers): a teacher's classes, assignments and AP-rubric grading (`https://fiveable.me/api/mcp/teacher`)