AP Macroeconomics 1.6: Utility and Choice
Use utility per dollar and budget constraints to explain utility-maximizing consumption choices.
- Syllabus
- Effective Fall 2025
- Course
- AP Macroeconomics
MKT-2.E—Define (using graphs as appropriate) market equilibrium question 1
The table above shows the quantity demanded and quantity supplied for bushels of wheat at various prices. Which of the following combinations is the equilibrium price and quantity for wheat?
Price
Bushels of Wheat
$2.00
10,000
$1.75
15,000
$1.50
20,000
$1.25
30,000
$0.75
5,000
ANNUAL CONSUMER PRICE INDEX (CPI)
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