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AP Microeconomics Practice Tests

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Free AP Microeconomics Diagnostic Tests

Take the Varsity Learning Tools free diagnostic test for AP Microeconomics to determine which academic concepts you understand and which ones require your ongoing attention. Each AP Microeconomics problem is tagged down to the core, underlying concept that is being tested. The AP Microeconomics diagnostic test results highlight how you performed on each area of the test. You can then utilize the results to create a personalized study plan that is based on your particular area of need.

AP Microeconomics Diagnostic Test 1

Questions: 20
Test Difficulty:
Average Time Spent: 12 mins

AP Microeconomics Diagnostic Test 2

Questions: 20
Test Difficulty:
Average Time Spent: 16 mins

AP Microeconomics Diagnostic Test 3

Questions: 60
Test Difficulty:
Average Time Spent: 42 mins

Our free AP Microeconomics Practice Tests are each a selection of 10 to 12 questions, which will give you a cross-section of topics from the Microeconomics section of the official AP. You might think of them as little quizzes, which you can use to hone your skills.

Before Test Day

What is the AP Microeconomics exam?

In general, the AP program provides students who are academically well-prepared to engage in college-level studies while still in high school. Each course is modeled on a comparable college course. Successfully demonstrating your mastery of the coursework can earn you college credit, advanced placement, or both. The AP Microeconomics course aims to provide the student with a similar learning experience to a typical college introductory course in microeconomics. More detail regarding the content covered is below.

What topics or subject areas does the AP Microeconomics exam cover?

The following are the four major topic areas a student should learn in an AP Microeconomics course that will be tested on the exam. Next to the topic title is the approximate percentage of the multiple choice section of the exam devoted to each area.

Basic Economic Concepts (8-14%)

Including scarcity, opportunity cost, and different economic systems

The Nature and Function of Product Markets (55-70%)

Including supply and demand, consumer choice theory, and firm behavior

Factor Markets (10-18%)

Including decisions in the market for labor and capital

Market Failure and the Role of Government (12-18%)

Including externalities, public goods, and public policy

How is the AP Microeconomics exam structured?

Each exam includes a 70-minute, 60-question multiple choice section and a 60-minute free response section. The free response section will include two shorter essays and one longer one. The 60 minutes for the free response period begins with a 10 minute reading period. During this time students should read the questions, sketch graphs, makes notes, and plan answers.

The final score is weighted 2/3 to the multiple choice section and 1/3 to the free response.

How much does it cost to take the AP Microeconomics exam?

It currently costs $89 for each AP exam. There is a fee reduction available, the primary criteria for which is being enrolled in or eligible for the Free or Reduced Price Lunch Program. The details may vary by state and the amount of the fee reduction is still being finalized by the College Board for 2014.

When can I take the AP Microeconomics exam?

In 2014, the exam is offered on Thursday, May 15.

How should I study for the AP Microeconomics exam?

Don’t wait for the test date to be near to start preparing. Review the material from your AP course early on to reinforce what you are learning. Sample multiple choice and free response questions are available for practice. You should try to closely replicate test conditions, taking a practice exam in a timed, distraction-free setting at least once before you take the actual exam.

Begin your review by taking a free Full-Length AP Microeconomics Practice Test. Each complete test spans the entire range of topics you may encounter on the real exam. These longer form tests also gives you the chance to see how you pace yourself and get familiar with the test’s length and scope. Just like the one for the shorter practice tests, the results pages for the complete practice tests include extensive explanations and additional information relevant to each question. The free online practice tests for AP Microeconomics can also help you to fine-tune your review plan. They’ll show you which concepts you know, and those you’ll want to spend a little time on. You can take advantage of any of the other Learning Tools to review as you work toward test day, and check your progress by taking another Full-Length AP Microeconomics Practice Test.

Use these practice tests to get a sense of how you might do on the AP Microeconomics exam. Each test covers a variety of subjects found on the AP Microeconomics exam. You can use this tool to help identify specific subjects for review, allowing you to focus your studying and improve your understanding of AP Microeconomics. You can also use Varsity Tutors’ other free AP Microeconomics resources to help you study, such as free AP Microeconomics Diagnostic Tests, free AP Microeconomics Flashcards, and free AP Microeconomics Questions of the Day. Our free AP Microeconomics resources are written by teachers, professors, content specialists, and tutors. Explanations are given for each question, so if you miss a question, you can find out where you went wrong.

On Test Day

What should I bring to the AP Microeconomics exam?

A number 2 pencil is required for the multiple choice section. The free response section is required to be written in black or blue ink. Students should bring several pens and pencils. Students may also bring a watch in case they cannot easily see the clock in the room of the test.

Are calculators allowed on the AP Microeconomics exam?

No, calculators of any kind are not permitted.

Should I guess if I don’t know an answer on the AP Microeconomics exam?

Yes, points are not deducted for incorrect answers or given out for unanswered questions on the AP exam; however, as a general test-taking strategy, you should try to eliminate one or more answers you are confident are incorrect. Budget your time wisely, remembering you have a little more than one minute per multiple choice question. If you are stuck and cannot eliminate any wrong answers, feel free to guess and move onto other questions, coming back only if you have time.

How should I answer the free response questions on the AP Microeconomics exam?

Keep your answers clear and concise. Long paragraphs and even complete sentence responses are not always necessary. Pay close attention to the wording of the prompts. “Show” means use a diagram to illustrate your answer. “Explain” means to take the reader through all the steps in a line of economic reasoning. “Identify” means a specific answer that doesn’t require additional elaboration. “Calculate” means use math to end up at a specific numerical response, showing your steps along the way.

After Test Day

How soon after the AP Microeconomics exam can I see my score?

Scores will be available online in July, regardless of the date you took the exam. You must have an online College Board account to access scores. Students will no longer receive a paper copy of scores through the mail.

How do I send my AP Microeconomics exam score to colleges?

On exam day you can elect one college to send your score to for free. Sending your score to additional colleges can be done online through the College Board service or by sending a written request to AP Services. The fee is $15 for regular processing, $25 for rush.

Free AP Microeconomics Practice Tests

Our completely free AP Microeconomics practice tests are the perfect way to brush up your skills. Take one of our many AP Microeconomics practice tests for a run-through of commonly asked questions. You will receive incredibly detailed scoring results at the end of your AP Microeconomics practice test to help you identify your strengths and weaknesses. Pick one of our AP Microeconomics practice tests now and begin!

Practice Tests by Concept

Competition practice test

Questions: 40
Test Difficulty:
Average Time Spent: 28 mins

Perfectly competitive markets practice test

Questions: 40
Test Difficulty:
Average Time Spent: 31 mins

Perfectly competitive labor markets practice test

Questions: 2
Test Difficulty:
Average Time Spent: 55 secs

Perfectly competitive output markets practice test

Questions: 40
Test Difficulty:
Average Time Spent: 17 mins

Government policies practice test

Questions: 5
Test Difficulty:
Average Time Spent: 3 mins

Effect on socially optimum levels practice test

Questions: 5
Test Difficulty:
Average Time Spent: 4 mins

Marginal revenue product of labor mrp practice test

Questions: 1
Test Difficulty:
Average Time Spent: 26 secs

Microeconomics graphs practice test

Questions: 3
Test Difficulty:
Average Time Spent: 1 mins 45 secs

Positive externalities graphs practice test

Questions: 1
Test Difficulty:
Average Time Spent: 29 secs

Socially optimum equilibrium quantity practice test

Questions: 1
Test Difficulty:
Average Time Spent: 23 secs

Side-by-side graphs practice test

Questions: 3
Test Difficulty:
Average Time Spent: 2 mins 46 secs

Long-run business equilibrium practice test

Questions: 2
Test Difficulty:
Average Time Spent: 44 secs

Quantity equilibrium practice test

Questions: 2
Test Difficulty:
Average Time Spent: 32 secs

Long-run market equilibrium practice test

Questions: 3
Test Difficulty:
Average Time Spent: 54 secs

Price equilibrium practice test

Questions: 1
Test Difficulty:
Average Time Spent: 30 secs

Quantity equilibrium practice test

Questions: 2
Test Difficulty:
Average Time Spent: 27 secs

Output practice test

Questions: 5
Test Difficulty:
Average Time Spent: 5 mins

Price practice test

Questions: 1
Test Difficulty:
Average Time Spent: 21 secs

Short-run earnings practice test

Questions: 2
Test Difficulty:
Average Time Spent: 2 mins 23 secs

Practice Quizzes

AP Microeconomics Problem Set 15 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 4 mins

AP Microeconomics Problem Set 14 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 1 mins 28 secs

AP Microeconomics Problem Set 13 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 2 mins 57 secs

AP Microeconomics Problem Set 12 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 4 mins

AP Microeconomics Problem Set 11 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 2 mins 5 secs

AP Microeconomics Problem Set 10 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 1 mins 43 secs

AP Microeconomics Problem Set 8 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 3 mins

AP Microeconomics Problem Set 7 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 4 mins

AP Microeconomics Problem Set 6 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 2 mins 44 secs

AP Microeconomics Problem Set 5 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 3 mins

AP Microeconomics Problem Set 4 Practice Test

Questions: 12
Test Difficulty:
Average Time Spent: 7 mins

AP Microeconomics Problem Set 2 Practice Test

Questions: 10
Test Difficulty:
Average Time Spent: 2 mins 14 secs

AP Microeconomics Problem Set 1 Practice Test

Questions: 10
Test Difficulty:
Average Time Spent: 5 mins
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