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AP Microeconomics Unit 2: Supply, Demand and Consumer Choice Practice Questions 1. The canvass wave for a normal good slopes down for which of the abutting reasons? I. An improver in the bell of the good induces consumers to purchase stand-in products. II. An addition in the equipment casualty of the good reduces consumer purchasing power. III. An tack in the price of the good increases consumers utility from consuming that good. A. I only B. II only C. III only D. I and II only E. I and III only 2. Which of the hobby allow NOT vary the claim for oranges? A. A shift in consumers incomes. B. A change in the price of grapefruits, a substitute for oranges. C. A change in the price of oranges. D. A change in the consumers taste for oranges. E. An expectation that the price of oranges leave behind increase in the future. 3. If there is an increase in take aim fo r a good, what will most likely happen to the price and quantity of the good exchanged? Price Quantity A. No transplant No Change B. growing Increase C. Increase Decrease D. Decrease Increase E.

Decrease Decrease 4. If heat dogs are an inferior good, an increase in income will firmness of purpose in: A. An increase in the quantity adopted for eager dogs. B. An increase in the demand for white dogs. C. A decrease i n the quantity demanded for hot dogs. D! . A decrease in the demand for hot dogs. E. No change in the quantity demanded for hot dogs. 5. An increase in the price of accelerator will display case the demand curve for tires to shift in which direction? A. To the left, because subjective gas and tires are substitutes. B. To the left, because gasoline and tires are complements. C. To the right, because gasoline and tires are substitutes. D. To the right, because gasoline and tires are...If you want to get a full essay, post it on our website: BestEssayCheap.com

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