中文（繁體）
中文（简体）
English
AP Microeconomics Mock: Supply & Demand, Elasticity, Costs, Market Structure
TUTORZONE ORIGINAL MOCK PAPER · AP MICROECONOMICS
Written to the College Board exam format: Section I multiple choice, 60 questions, 1 h 10 min, 66%; Section II free response, 3 questions, 1 h (with 10-min reading), 33% (1 long + 2 short). This paper demonstrates 4 Section II questions with answers.
What is in the AP Microeconomics exam?
Direct answer: Section I multiple choice, 60 questions, 1 h 10 min, 66%; Section II free response, 3 questions, 1 h, 33%.
Assessment at a glance (2027)
| Component | Content | Weighting | Duration |
|---|---|---|---|
| Section II (Free Response) | 3 questions: 1 long + 2 short | 33% | 1 h (with 10-min reading) |
| Section I (Multiple Choice) | 60 questions | 66% | 1 h 10 min |
In Section II draw (or describe the curve shift), explain and analyse; for calculations (PED) show the formula and steps.
How this paper was built
This is a TutorZone original mock paper: the questions follow the College Board AP Microeconomics format (Section II free response) and the answers are our own, not College Board questions or marking references.
The numerical answer (PED) was recomputed programmatically.
Pacing
| Section | Marks | Suggested time | What to do first |
|---|---|---|---|
| Section II (Free Response) | 33% | about 25 min long, 12 min each short | graph, explain, analyse |
| Section I (Multiple Choice) | 66% | about 1 min per question | eliminate clearly wrong options |
What is the law of demand?
Direct answer: as price rises, quantity demanded falls (ceteris paribus).
Section II: free response (4 demonstrated)
Demonstrates supply & demand, elasticity, production costs and market structures.
Question 1 (10 marks)
Question 1: demand and supply. State the law of demand, and say how equilibrium price and quantity change when demand increases.
Question 2 (10 marks)
Question 2: elasticity. A good’s price rises from $10 to $11 and quantity demanded falls from 100 to 80. Calculate the price elasticity of demand (PED) and state whether it is elastic or inelastic.
Question 3 (10 marks)
Question 3: costs of production. Explain the difference between fixed and variable costs, with an example of each.
Question 4 (10 marks)
Question 4: market structures. State two characteristics of perfect competition.
What is the difference between fixed and variable costs?
Direct answer: fixed costs do not change with output (rent); variable costs change with output (raw materials).
Answers and marks per question
Question 1
The law of demand: as price rises, quantity demanded falls (ceteris paribus) (5); an increase in demand shifts the curve right, so both equilibrium price and quantity rise (5).
Question 2
PED = %change Qd / %change P (4) = (-20%) / (+10%) (3) = -2 (2); magnitude > 1, so it is elastic (1).
Question 3
Fixed costs do not change with output, e.g. rent (5); variable costs change with output, e.g. raw materials (5).
Question 4
(1) Many buyers and sellers, each a tiny share of the market (5). (2) Homogeneous products and free entry and exit (5).
What characterises perfect competition?
Direct answer: many buyers and sellers, homogeneous products, and free entry and exit.
Where these marks are usually lost
| Mistake | What it looks like | What it costs | Instead |
|---|---|---|---|
| Wrong PED sign | Positive PED | PED is normally negative | PED = -2 |
| Fixed vs variable | Rent as variable | Rent does not change with output | Rent fixed, raw materials variable |
| Law of demand reversed | Price up, quantity up | Price and quantity demanded move oppositely | Price up, quantity demanded down |
How to use this paper
First sit: all 4 questions with no references.
Mark it: check formulas and definitions.
Second sit: redo three to seven days later, aiming for a faster finish.
What should I do after finishing this paper?
Direct answer: log questions with formula or sign errors; redo in three to seven days; and drill Section I multiple choice.
FAQ
Is this a College Board paper?
No. The questions and answers are TutorZone originals, not College Board questions or marking references.
What does AP Microeconomics test?
Section I multiple choice, 60 questions, 1 h 10 min, 66%; Section II free response, 3 questions, 1 h, 33%.
How is PED calculated?
PED = %change quantity demanded / %change price; the example here is -2 (elastic).
Official references
| Resource | What to check |
|---|---|
| College Board AP Microeconomics exam page | Confirm the format and question counts |
| https://www.tutorzone.com.hk/en-igcse-economics-0455-paper-2-mock-2027/ | IGCSE Economics (0455) Paper 2 mock |
Related: practice area · IGCSE Economics Paper 2 mock · AP Biology mock
Next step: find a tutor / register as a tutor
After drilling, the hard part is telling a conceptual error from a writing error. Tell us the year group, the school and your available times, and TutorZone will match you with a tutor who knows the HKEAA assessment requirements.
Demand for tutors in this subject is steady, and those who can explain the marking scheme and where marks are won are especially sought after. Register free; you pay only when a match succeeds.
