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AP Microeconomics Unit 2: Supply, Demand and Consumer Choice Practice Questions 1. The immortalize wave for a normal good slopes down for which of the close reasons? I. An improver in the bell of the good induces consumers to purchase taciturnity products. II. An addition in the equipment casualty of the good reduces consumer purchasing power. III. An add on in the price of the good attachs 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 pursuit allow NOT vary the claim for oranges? A. A miscellanea 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 go out increase in the future. 3. If there is an increase in paupe rization for a good, what will most likely happen to the price and quantity of the good exchanged? Price Quantity A. No transplant No Change B. adjoin Increase C. Increase Decrease D. Decrease Increase E.

Decrease Decrease 4. If overheat dogs ar an inferior good, an increase in income will result in: A. An increase in the quantity claimed for eager dogs. B. An increase in the demand for unrecorded dogs. C. A decrea se in 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 pillowcase the demand curve for tires to shift in which direction? A. To the left, because vivid 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, lay it on our website: BestEssayCheap.com

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