UGBS 201 Microeconomics and Business: past questions

What the questions cover

• Market Equilibrium3
• Price Elasticity3

Also: Consumer Equilibrium · Cross-Price Elasticity · Demand Shifters · Income Elasticity · Marginal Analysis · Market Structures · Monopolistic Competition · PPF Opportunity Cost · Production Possibilities · Scarcity · Shutdown Decision · Supply Determinants · Supply Shifts · Average Cost · Average Product · Budget Constraint · Budget Constraints · Budget Line · Cardinal Utility · Comparative Statics · Competitive Entry · Competitive Exit · Competitive Firm Output · Competitive Supply · Complementary Goods · Consumer Surplus · Cost Functions · Deadweight Loss · Demand Representation · Diminishing Marginal Utility · Diminishing Returns · Diseconomies of Scale · Economic Choice · Economic Profit · Elasticity · Elasticity Determinants · Equilibrium Calculation · Excess Capacity · Expected Prices · Firm Revenue · Income-Consumption Curve · Indifference Curves · Inferior Goods · Law of Demand · Long-Run Competition · Long-Run Perfect Competition · Marginal Cost · Marginal Product · Marginal Utility · Market Demand · Market Supply · Marshallian Demand · Microeconomics · Monopolistic Competition Welfare · Monopoly · Monopoly Barriers · Monopoly Demand · Monopoly Output · Monopoly Pricing · Monopoly Resources · Monopoly Revenue · Monopoly Welfare · Normal Goods · Number of Buyers · Opportunity Cost · Ordinal Utility · Perfect Competition · Price Ceiling · Price Controls · Price Elasticity of Demand · Product Curves · Production Function · Production Inputs · Production Possibilities Frontier · Quantity Demanded · Quantity Supplied · Scale Economies · Short-Run Production · Specific Tax Incidence · Substitute Goods · Utility Theory.

How to practise UGBS 201

1. Open commonyard.app and join — with Google, Apple or your phone number. It’s free.
2. Join a school yard: your school’s, if it has one, from MY YARDS. If there isn’t one, make one and pick School.
3. Open Practice: tap the PRACTICE card that appears as you scroll the Yard, or open your school yard and tap Practice.
4. Choose level 200, then UGBS 201 Microeconomics and Business, then the topic.
5. Choose timed or untimed, and how many questions — anything from 5 to 50.
6. Answer the questions, then see how you did.