AP®︎ Microeconomics: Topic 2.2 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 2.2 of AP Microeconomics – Supply.
Questions List
Topic 2.2
Question 1 Easy
This question tests the following: MKT-3.D.1
What happens to the supply when there are higher subsidies for suppliers?
What You’re Being Tested On:
Explore the learning objectives taken directly from the College Board’s AP® Microeconomics Curriculum. Ensure you’re prepared for the exact topics covered on the AP® exam, in-class tests, and quizzes, and gain confidence in your mastery of the material.
Topic 2.2: Supply
Learning Objective: MKT-3.C
a. Define (using graphs as appropriate) the law of supply. b. Explain (using graphs as appropriate) the relationship between price and quantity supplied.
Essential Knowledge: MKT-3.C.1
A change in own-price causes a change in quantity supplied in the same direction and a movement along a supply curve.
Essential Knowledge: MKT-3.C.2
The market supply curve (schedule) is derived from the summation of individual supply curves (schedules). The market supply curve is upward-sloping.
Learning Objective: MKT-3.D
Explain (using graphs as appropriate) producers’ (sellers’) responses to changes in incentives and technology.
Essential Knowledge: MKT-3.D.1
Changes in the determinants of supply can cause the supply curve to shift.
