2024 AP Microeconomics Set 1 FRQ #3 Explained

This video goes over how to answer Free Response Question #3 from the 2024 AP Microeconomics Exam Set 1. This questions aligns best with Unit 4 from the AP Micro Course Exam Description and focuses on Perfect Competition, Price Taker, Increase in Demand, Long-run Adjustment, Price Elasticity of Demand, and Cross Price Elasticity. You can find the question here: https://apcentral.collegeboard.org/me... You can find the scoring guide here: https://apcentral.collegeboard.org/me... To get more practice with the skills needed to ace these exams, head to ReviewEcon.com where there are lots of games and activities to help you practice. https://www.reviewecon.com/games-acti... To support this channel, like and subscribe, then purchase the Total Review Booklet from ReviewEcon.com: https://www.reviewecon.com/total-revi... Follow me on twitter:   / apeconguy   or Follow me on facebook:   / reviewecon   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.