How can a bakery—one of several in town—maximize its profits? A case study from College Board asks scholars to consider the question. Other practice queries examine the price and benefits of buying certain goods for one consumer and look at the effects of different scenarios on the sale of interrelated goods. 

Concepts

markets, competition, price elasticity, income, consumption, surplus, supply and demand, test preparation, microeconomics

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Additional Tags

social studies

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Instructional Ideas

• Use the questions to create similar practice problems for content reinforcement
• Offer all or part of assessment to practice for the AP® exam

Classroom Considerations

• Questions are from the free-response section of the 2018 AP® Microeconomics exam
  

Pros

• Scoring guidelines and answer keys make feedback easy to give
• Case studies are based on real-life scenarios

Cons

• None

Common Core

RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.9-10.10 RH.11-12.1 RH.11-12.2 RH.11-12.3 RH.11-12.10