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2016 AP Microeconomics Practice Exam Multiple Choice Questions Free Download

2016 AP 微观经济模考选择题部分免费下载

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2)If an effective rent ceiling is eliminated, which of the following is most likely to occur in the rental housing market?

  1. An increase in the demand for housing, resulting in a decrease in the quantity of housing supplied
  2. An increase in rents, resulting in an increase in the quantity of housing supplied
  3. An increase in the demand for housing, resulting in an increase in the quantity of housing demanded
  4. A decrease in rents, resulting in an increase in the quantity of housing supplied
  5. A decrease in the demand for housing, resulting in an increase in the quantity of housing supplied

3)Assume that the market for lemonade is perfectly competitive and currently in equilibrium. Lemons are key ingredients in lemonade. If the price of lemons decreases, how will the lemonade market be affected?

  1. Supply will shift leftward, increasing the equilibrium price and decreasing the equilibrium quantity of lemonade.
  2. Supply will shift rightward, increasing the equilibrium price and increasing the equilibrium quantity of lemonade.
  3. Supply will shift rightward, decreasing the equilibrium price and increasing the equilibrium quantity of lemonade.
  4. Demand will shift leftward, decreasing the equilibrium price and decreasing the equilibrium quantity of lemonade.
  5. Demand will shift rightward, increasing the equilibrium price and increasing the equilibrium quantity of lemonade.

8)A contractor is employing labor and capital to build an office complex. At the current mix of inputs, the marginal product of labor is 30 square feet per day, and the marginal product of capital is 90 square feet per day. The price of labor is $1,000 per day, and the price of capital is $3,000 per day. To hire inputs in a cost-minimizing way, the firm should

  1. hire more labor and less capital
  2. hire less labor and more capital
  3. hire more labor and more capital
  4. hire less labor and less capital
  5. make no changes to the mix of inputs

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