Chengbob AP Microeconomics Unit 2 Bundle

AP Microeconomics Unit 2 — Supply and Demand

Unit 2 focuses on how markets work through supply and demand and how government policies affect market outcomes. Students learn how prices and quantities are determined, how multiple factors shift curves simultaneously, and how elasticity measures responsiveness in the market. This unit is heavily tested on the AP exam through graph analysis, policy evaluation, and cause-and-effect reasoning.

This practice set is designed to strengthen students’ ability to interpret and draw supply and demand graphs, apply the double-shift rule, and analyze the effects of price controls and taxes using AP-style questions and scoring expectations.

What’s included:

• 1 Key Concept Sheet summarizing core supply and demand ideas

• 1 Definition Sheet with AP-accurate vocabulary

• Double-Shift Rule Practice (simultaneous changes in supply and demand)

• Elasticity Practice, Tax, Price Control Practice (price elasticity, price floors & ceilings, tax incidence)

• AP-style Multiple-Choice Questions with answer key

• 2 Free-Response Question Sets with scoring guidelines