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income and cross-price elasticity

Review income and cross-price elasticity for AP Microeconomics and try 2 free AP-style practice questions. 17 questions on this topic in AP Micro · Unit 2 · Supply and Demand.

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Question 1

When the cross-price elasticity of demand between dental check-ups and over-the-counter teeth-whitening strips is a small positive number, the two goods are best classified as

Question 2

If a rise in Trentland's average household income causes bus-ticket purchases to fall while new-smartphone purchases rise, the two goods are best classified, respectively, as

15 more questions on this topic

Full practice for AP Micro · Unit 2 · Supply and Demand: timed tests, step-by-step explanations for every answer, and AI grading for free-response questions.

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Answer, then see why

The price of gasoline rises 10% and the quantity demanded falls 5%. What happens to total revenue?

Not quite. The answer is B.

Why the other options are wrong

AI grading for free-response

Write your FRQ answer and get it scored point by point against the AP rubric, with the line from your answer that earned or missed each point.

Question 13 / 4 pts
Part a1 / 1 pts
Point 1: Earned
Grader confidence 94% sure

Reason: Correctly identifies demand for gasoline as inelastic.

Evidence: "The price of gasoline rises and the quantity falls only a little."

Part b2 / 3 pts
Point 1: Earned
Grader confidence 91% sure

Reason: Graph shows relatively inelastic demand.

Evidence: Draws a steep demand curve.

Point 2: Earned
Grader confidence 88% sure

Reason: Correct new equilibrium price.

Evidence: Shifts supply left, P1 → P2.

Point 3: Not earned
Grader confidence 82% sure

Reason: With inelastic demand, a price increase raises total revenue.

Evidence: "Revenue goes down."

Income and cross-price elasticity: AP Microeconomics Practice Questions | S&D Academy