AP®︎ Microeconomics: Topic 5.2 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 5.2 of AP Microeconomics – Changes in Factor Demand and Factor Supply.
Questions List
Topic 5.2
Question 1 Easy
This question tests the following: PRD-4.B.2
In a factor market, who supplies labor?
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 5.2: Changes in Factor Demand and Factor Supply
Learning Objective: PRD-4.B
Explain (using graphs where appropriate) firms’ and factors’ responses to changes in incentives and constraints.
Essential Knowledge: PRD-4.B.1
Changes in the determinants of labor demand, such as the output price and the productivity of the worker, cause the labor demand curve to shift.
Essential Knowledge: PRD-4.B.2
Changes in the determinants of labor supply (such as immigration, education, working conditions, age distribution, availability of alternative options, preferences for leisure, and cultural expectations) cause the labor supply curve to shift.
