AP Microeconomics Practice Test: Applications of Demand and Supply-Elasticity

Test Information

Question 5 questions

Time 6 minutes

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1. When price elasticity of demand is greater than 1, demand is

2. Price times quantity measures

3. A positive sign on cross price elasticity of demand indicates that the two products are

4. The price elasticity of demand for a product is greater if

5. A tax imposed on a supplier will more likely be passed on to the consumer in the form of price increase if