--- title: "Unit 2 – Supply and Demand - AP Microeconomics" description: "Review Unit 2 – Supply and Demand for AP Microeconomics with Fiveable study guides and practice resources." canonical: "https://fiveable.me/ap-micro/unit-2" type: "unit" subject: "AP Microeconomics" unit: "Unit 2 – Supply and Demand" --- # Unit 2 – Supply and Demand - AP Microeconomics ## Overview Review Unit 2 – Supply and Demand for AP Microeconomics with Fiveable study guides and practice resources. ## Study Guides - [Supply and Demand](/ap-micro/unit-2/supply-demand/study-guide/7fEsnopbgqMoFJ3wT6Nl) - [Determinants of Supply and Demand](/ap-micro/unit-2/determinants-supply-demand/study-guide/7iyDRRvhtsyWnJVQmNVE) - [2.1 Demand](/ap-micro/unit-2/demand/study-guide/225JkWV3Tu5Hq3oyAChc) - [2.4 Price Elasticity of Supply](/ap-micro/unit-2/price-elasticity-supply/study-guide/2KpX9JvPFITtbi5mhlSl) - [2.2 Supply](/ap-micro/unit-2/supply/study-guide/6Q4OmUPc9RVRr9R7JmFS) - [2.5 Other Elasticities](/ap-micro/unit-2/other-elasticities/study-guide/6ozj5y47OvVKtCAIdv97) - [2.7 Market Disequilibrium and Changes in Equilibrium](/ap-micro/unit-2/market-disequilibrium-changes-equilibrium/study-guide/CNeo6STs8jBn29Gawwze) - [2.9 International Trade and Public Policy](/ap-micro/unit-2/international-trade-public-policy/study-guide/QO78r50TDqAhfQkGzcsV) - [2.3 Price Elasticity of Demand](/ap-micro/unit-2/price-elasticity-demand/study-guide/kCV9eYI16fBj1nx9STCs) - [2.8 The Effects of Government Intervention in Markets](/ap-micro/unit-2/effects-government-intervention-markets/study-guide/lFuxTXRGEnLbMbNGiNP5) - [2.6 Market Equilibrium and Consumer and Producer Surplus](/ap-micro/unit-2/market-equilibrium-consumer-producer-surplus/study-guide/rT6VwtcikMj2QSanPBKu) ## FAQs ### What topics are covered in AP Micro Unit 2? AP Micro Unit 2 covers 9 topics built around the supply and demand model: Demand (2.1), Supply (2.2), Price Elasticity of Demand (2.3), Price Elasticity of Supply (2.4), Other Elasticities (2.5), Market Equilibrium and Consumer and Producer Surplus (2.6), Market Disequilibrium and Changes in Equilibrium (2.7), The Effects of Government Intervention in Markets (2.8), and International Trade and Public Policy (2.9). These topics move from the basics of how supply and demand curves work, through elasticity, all the way to how government policies like taxes, subsidies, and trade restrictions shift market outcomes. See [AP Micro Unit 2](/ap-micro/unit-2) for topic-by-topic breakdowns. ### How much of the AP Micro exam is Unit 2? AP Micro Unit 2 makes up 20-25% of the AP exam, making it one of the highest-weighted units on the test. The unit covers supply and demand, price elasticity of demand and supply, market equilibrium, consumer and producer surplus, and the effects of government intervention and international trade. Because this unit carries so much weight, a strong grasp of how supply and demand curves shift, how to calculate and interpret elasticity, and how to identify changes in surplus is essential for a high score. ### What's on the AP Micro Unit 2 progress check (MCQ and FRQ)? The AP Micro Unit 2 progress check includes both MCQ and FRQ parts that draw directly from this unit's 9 topics. The MCQ section tests your ability to read and shift supply and demand graphs, calculate price elasticity of demand and supply, identify market equilibrium, and analyze consumer surplus and producer surplus. The FRQ part typically asks you to draw a correctly labeled market diagram, show the effects of a shift in supply or demand, and explain changes in equilibrium price and quantity. Government intervention topics, like price ceilings, price floors, taxes, and subsidies from 2.8, are common FRQ targets on the progress check. Practice with these exact topic areas at [AP Micro Unit 2](/ap-micro/unit-2) to get comfortable with the question formats before the real thing. ### How do I practice AP Micro Unit 2 FRQs? AP Micro Unit 2 FRQs almost always ask you to draw and label a supply and demand diagram, identify the market equilibrium, and explain how a specific change, like a tax, subsidy, price ceiling, or shift in demand, affects price, quantity, and surplus. The key skill is connecting a written scenario to a correctly labeled graph. To practice effectively, focus on these steps: - Draw supply and demand graphs from scratch for each topic in 2.6 through 2.9. - Practice showing consumer surplus and producer surplus as shaded areas on your diagram. - Work through government intervention scenarios (taxes, subsidies, price controls) from Topic 2.8 and explain deadweight loss. - For elasticity FRQs (Topics 2.3-2.5), practice writing out the formula and interpreting what the coefficient means. Find practice FRQs matched to these topics at [AP Micro Unit 2](/ap-micro/unit-2). ### Where can I find AP Micro Unit 2 practice questions? The best place to find AP Micro Unit 2 practice questions, including multiple-choice and FRQ-style problems, is [AP Micro Unit 2](/ap-micro/unit-2). That page has resources organized by topic, so you can target supply and demand, price elasticity of demand, market equilibrium, consumer surplus, and government intervention separately or run a full unit practice test. For MCQ practice, focus on questions that ask you to identify the direction of a curve shift, read off equilibrium price and quantity, or interpret an elasticity coefficient. Those formats show up most on the real exam and on the Unit 2 progress check. ### How should I study AP Micro Unit 2? Start with the supply and demand model in Topics 2.1 and 2.2 before moving on to anything else. Every other topic in this unit builds on your ability to draw, shift, and read those curves correctly. Here's a study plan that works: 1. **Build the graph habit first.** Practice drawing supply and demand diagrams from memory, labeling axes, equilibrium price, and equilibrium quantity every time. 2. **Nail elasticity formulas.** Price elasticity of demand (Topic 2.3) and price elasticity of supply (Topic 2.4) require you to calculate a coefficient and interpret it. Write out the formula and do several practice calculations. 3. **Add surplus to your diagrams.** Once you can draw equilibrium, shade in consumer surplus and producer surplus (Topic 2.6). This skill comes up in both MCQs and FRQs. 4. **Work through government interventions.** Taxes, subsidies, price ceilings, and price floors from Topic 2.8 are high-frequency exam topics. For each one, practice showing the before-and-after on a graph and identifying deadweight loss. 5. **Finish with international trade.** Topic 2.9 applies the same surplus analysis to trade scenarios with tariffs and quotas. Since this unit is 20-25% of the exam, time spent here pays off more than almost anywhere else. Use [AP Micro Unit 2](/ap-micro/unit-2) to find topic-specific practice as you go. ## Structured Data ```json {"@context":"https://schema.org","@type":"FAQPage","inLanguage":"en","mainEntity":[{"@type":"Question","@id":"https://fiveable.me/ap-micro/unit-2#what-topics-are-covered-in-ap-micro-unit-2","name":"What topics are covered in AP Micro Unit 2?","acceptedAnswer":{"@type":"Answer","text":"AP Micro Unit 2 covers 9 topics built around the supply and demand model: Demand (2.1), Supply (2.2), Price Elasticity of Demand (2.3), Price Elasticity of Supply (2.4), Other Elasticities (2.5), Market Equilibrium and Consumer and Producer Surplus (2.6), Market Disequilibrium and Changes in Equilibrium (2.7), The Effects of Government Intervention in Markets (2.8), and International Trade and Public Policy (2.9). These topics move from the basics of how supply and demand curves work, through elasticity, all the way to how government policies like taxes, subsidies, and trade restrictions shift market outcomes. See AP Micro Unit 2 for topic-by-topic breakdowns."}},{"@type":"Question","@id":"https://fiveable.me/ap-micro/unit-2#how-much-of-the-ap-micro-exam-is-unit-2","name":"How much of the AP Micro exam is Unit 2?","acceptedAnswer":{"@type":"Answer","text":"AP Micro Unit 2 makes up 20-25% of the AP exam, making it one of the highest-weighted units on the test. The unit covers supply and demand, price elasticity of demand and supply, market equilibrium, consumer and producer surplus, and the effects of government intervention and international trade. 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Government intervention topics, like price ceilings, price floors, taxes, and subsidies from 2.8, are common FRQ targets on the progress check. Practice with these exact topic areas at AP Micro Unit 2 to get comfortable with the question formats before the real thing."}},{"@type":"Question","@id":"https://fiveable.me/ap-micro/unit-2#how-do-i-practice-ap-micro-unit-2-frqs","name":"How do I practice AP Micro Unit 2 FRQs?","acceptedAnswer":{"@type":"Answer","text":"AP Micro Unit 2 FRQs almost always ask you to draw and label a supply and demand diagram, identify the market equilibrium, and explain how a specific change, like a tax, subsidy, price ceiling, or shift in demand, affects price, quantity, and surplus. The key skill is connecting a written scenario to a correctly labeled graph. To practice effectively, focus on these steps:\n- Draw supply and demand graphs from scratch for each topic in 2.6 through 2.9.\n- Practice showing consumer surplus and producer surplus as shaded areas on your diagram.\n- Work through government intervention scenarios (taxes, subsidies, price controls) from Topic 2.8 and explain deadweight loss.\n- For elasticity FRQs (Topics 2.3-2.5), practice writing out the formula and interpreting what the coefficient means. Find practice FRQs matched to these topics at AP Micro Unit 2."}},{"@type":"Question","@id":"https://fiveable.me/ap-micro/unit-2#where-can-i-find-ap-micro-unit-2-practice-questions","name":"Where can I find AP Micro Unit 2 practice questions?","acceptedAnswer":{"@type":"Answer","text":"The best place to find AP Micro Unit 2 practice questions, including multiple-choice and FRQ-style problems, is AP Micro Unit 2. That page has resources organized by topic, so you can target supply and demand, price elasticity of demand, market equilibrium, consumer surplus, and government intervention separately or run a full unit practice test. For MCQ practice, focus on questions that ask you to identify the direction of a curve shift, read off equilibrium price and quantity, or interpret an elasticity coefficient. Those formats show up most on the real exam and on the Unit 2 progress check."}},{"@type":"Question","@id":"https://fiveable.me/ap-micro/unit-2#how-should-i-study-ap-micro-unit-2","name":"How should I study AP Micro Unit 2?","acceptedAnswer":{"@type":"Answer","text":"Start with the supply and demand model in Topics 2.1 and 2.2 before moving on to anything else. Every other topic in this unit builds on your ability to draw, shift, and read those curves correctly. Here's a study plan that works:\n1. **Build the graph habit first.** Practice drawing supply and demand diagrams from memory, labeling axes, equilibrium price, and equilibrium quantity every time.\n2. **Nail elasticity formulas.** Price elasticity of demand (Topic 2.3) and price elasticity of supply (Topic 2.4) require you to calculate a coefficient and interpret it. Write out the formula and do several practice calculations.\n3. **Add surplus to your diagrams.** Once you can draw equilibrium, shade in consumer surplus and producer surplus (Topic 2.6). This skill comes up in both MCQs and FRQs.\n4. **Work through government interventions.** Taxes, subsidies, price ceilings, and price floors from Topic 2.8 are high-frequency exam topics. For each one, practice showing the before-and-after on a graph and identifying deadweight loss.\n5. **Finish with international trade.** Topic 2.9 applies the same surplus analysis to trade scenarios with tariffs and quotas. Since this unit is 20-25% of the exam, time spent here pays off more than almost anywhere else. Use AP Micro Unit 2 to find topic-specific practice as you go."}}]} ```