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

 

Monopoly

 

Factor Market

 

Externalities

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