AP Micro Unit 2A/2B Review
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Used 38+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shortage will develop when...
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes when the government sets a price floor?
The price cannot go any higher
The price cannot go any lower
The price will remain the same
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes when the government sets a price ceiling?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a price floor?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If hot dog buns become cheaper, the demand for hot dogs will...
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a new machine is developed that cuts the time for making lawn mowers in half, the SUPPLY of lawn mowers
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When prices rise for elastic goods, what happens to total revenue?
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