AP Microeconomics Practice Test: Demand and Supply: The Basics

Test Information

Question 4 questions

Time 5 minutes

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1. A price ceiling is characterized by

2. For which of the following statements are both the price change and quantity change determinable (for a particular good)?

3. If the government subsidizes the production of halogen headlights,

4. If consumers are advised that multigrained bread will substantially lessen the risk of cancer, which of the following will happen in the market for multigrained bread?