AP Micro 2017 FRQ #1 - Unit 3 - Perfect competition, supply and demand, price ceiling.

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This video goes over how to answer Free Response Question #1 from the 2017 Microeconomics Exam. This questions aligns best with Unit 3 from the AP Micro Course Exam Description, though one question may required some unit 5 knowledge about derived demand.

You can find the question here:

You can find the scoring guide here:

or

Note: AP©, Advanced Placement Program©, and College Board© are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this material.
  1. ReviewEcon
  2. AP Microeconomics
  3. AP Micro
  4. FRQ
  5. 2017
  6. Perfect Competition
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Super good. I love your pace. Very easy for my students to follow along. Thank you.

michaelwyka
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In general, should our curves reach the x-axis and y-axis? For example, should MC dip and then go all the way to the left or just start a little to the right of the y-axis? Similarly, should supply start at the origin and should Demand start at a y-intercept? Thanks!

acullieno