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AP Microeconomics Elasticity and Pricing — practice questions

Explore 1 free Elasticity and Pricing questions in AP Microeconomics Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Elasticity and Pricing questions and exercises with answers

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Pick the more price sensitive goodRead the answer and worked solution →

Worked practice questions

Pick the more price sensitive good

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Questions
  1. A
    Housing
    B
    Restaurant meals
    Higher value
    Restaurant meals
  2. A
    Beer
    B
    Gasoline
    Higher value
    Beer
  3. A
    Computer
    B
    New vehicle
    Higher value
    Computer
  4. A
    Electricity
    B
    Soft drinks
    Higher value
    Soft drinks
  5. A
    Cable TV, premium
    B
    Cable TV, basic urban
    Higher value
    Cable TV, premium
  6. A
    Taxi cabs
    B
    Chicken
    Higher value
    Chicken
Instructions
Tap whichever good of the two has the higher elasticity of demand.
_Source: OpenStax Principles of Microeconomics for AP Courses, section 5.3 Elasticity and Pricing_

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