AP Microeconomics Unit 3 Review

AP Microeconomics Unit 3 Review

10th Grade - University

77 Qs

quiz-placeholder

Similar activities

FBLA Economics

FBLA Economics

SV Marketing Chapter 3 Part 3

SV Marketing Chapter 3 Part 3

Economics Final Review

Economics Final Review

Marketing- Chapter 3 Test Review

Marketing- Chapter 3 Test Review

Microeconomics

Microeconomics

AP Macroeconomics - Unit 3 Review

AP Macroeconomics - Unit 3 Review

AP Micro Unit 3 Cost of Production and Market Structures

AP Micro Unit 3 Cost of Production and Market Structures

Economics Final Exam Spring 2022

Economics Final Exam Spring 2022

AP Microeconomics Unit 3 Review

AP Microeconomics Unit 3 Review

Assessment

Quiz

Social Studies

10th Grade - University

Practice Problem

Medium

Created by

Brent Pfeiffer

Used 420+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

77 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Represents how goods, services, and money move through our economy.

Circular Flow Diagram

Supply Curve

Demand Curve

Supply and Demand Curve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers will buy more of a good when its prices is lower and less when its price is higher.

Law of Demand

Law of Supply

Price Floor

Price Ceiling

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Producers offer more of a good or service as its prices increases and less as its price falls.

Law of Demand

Law of Supply

Price Floor

Price Ceiling

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The point at which the quantity demanded for a product or service is equal to the quantity supplied of that product or service.

Equilibrium

Price Stability

Shortage

Supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A minimum price consumers are required to pay for a good or service.

Price Ceiling

Market Clearing Price

Equilibrium

Price Floor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A maximum price consumers are required to pay for a good or service.

Price Ceiling

Equilibrium

Market Clearing Price

Price Floor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market in which a single seller dominates.

Monopolistic Competition

Monopoly

Oligopoly

Perfect Competition

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?