AP Microeconomics Practice Test: Models of Consumer Choice

Test Information

Question 6 questions

Time 7 minutes

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1. The total utility from sardines is maximized when they are purchased until

2. If a 3 percent increase in price leads to a 5 percent increase in the quantity supplied,

3. Normal goods always have a/an

4. When the cross-price elasticity of demand is negative, the goods in question are necessarily

5.

For the market supply and demand graph above, when the demand curve shifts from D to D1 and the supply curve shifts from S to S1, then

6. If a business wants to increase its revenue and it knows that the demand price elasticity of its product is equal to 0.78, it should