AP Microeconomics MCQs
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AP Microeconomics practice questions by unit
Fiveable has 7,767 AP Microeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time.
- Unit 1 – Basic Economic Concepts: 1,111 multiple-choice questions
- Unit 2 – Supply and Demand: 2,135 multiple-choice questions
- Unit 3 – Production, Cost, and the Perfect Competition Model: 1,549 multiple-choice questions
- Unit 4 – Imperfect Competition: 951 multiple-choice questions
- Unit 5 – Factor Markets: 942 multiple-choice questions
- Unit 6 – Market Failure and the Role of Government: 1,079 multiple-choice questions
Sample AP Microeconomics practice question
A shortage of semiconductor chips increases production costs for video game consoles. If the demand for consoles is relatively price elastic, how will the equilibrium price and quantity change compared to a situation where demand is price inelastic?
Price will rise less and quantity will fall more
Price will rise more and quantity will fall less
Price will rise less and quantity will fall less
Price will rise more and quantity will fall more
Price will remain constant and quantity will fall more
Explanation
Consumers with elastic demand are highly sensitive to price increases, leading to a large drop in quantity demanded that prevents producers from raising prices significantly.
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