AP Microeconomics FRQ Practice Solutions

From the packet you got in class.

Absolute/Comparative Advantage

Elasticity and Utility

On a and b you can use the % change formula (% change in Q/% change in P) like I did on the answer page or you could also use the midpoint formula.  You’ll get credit for either answer.


Perfect Competition




Factor Market



Leave a Reply

Your email address will not be published. Required fields are marked *