Unit 2: Supply and Demand - AP Microeconomics

/ Unit 2: Supply and Demand

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You’ll learn the basis for understanding how markets work with an introduction to the supply and demand model.

Question Difficulty:

Question	Difficulty	Students Solved
Price Elasticity Using the Midpoint Formula	medium	26
Consumer Surplus at Market Equilibrium	medium	26
Definition of Consumer Surplus	medium	30
Market Surplus and Equilibrium Price	medium	33
Deadweight Loss From Price Controls	medium	20
The Income Effect of a Price Change	medium	21
Principle of Diminishing Marginal Utility	medium	23
Effect of a Producer Subsidy on Surplus	medium	19
Price and Demand for Complements	easy	19
Price Elasticity of Demand Coefficient	medium	21
Market Equilibrium Condition	easy	22
Elastic Demand and Total Revenue	medium	25
Calculating Price Elasticity of Demand	medium	18
Technological Change and Supply	easy	19
Price and Demand for Luxury Goods	medium	22
Total Revenue and Price Elasticity of Demand	easy	17
Linear Supply Function Interpretation	easy	15
Rightward Shift of the Supply Curve	medium	22
Substitution Effect and Consumer Choice	easy	11
Fiscal Policy With Deficits And Unemployment	hard	18

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Rank	User	Correct Count	Attempt Count	Time	Score
#1	e11102akshara	173	196	0m 00s	17,070
#2	hubowen09	126	148	18m 02s	11,298
#3	jcbaird17	109	131	33m 25s	8,675
#4	haydenfung7	82	107	0m 00s	7,950
#5	jsm31665	63	80	0m 00s	6,130
#6	carmenwynter2	52	60	0m 00s	5,120
#7	105159patrickbasketball	44	54	0m 00s	4,300
#8	tim14032009	29	33	0m 00s	2,860
#9	vasishtajai88	28	30	0m 00s	2,780
#10	yewonhg	38	68	17m 58s	2,422

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