AP Microeconomics

AP Microeconomics is the study of how individuals, households, and businesses make decisions about allocating limited resources to satisfy their wants and needs. It explores concepts like supply and demand, pricing, market equilibrium, and the behavior of consumers and producers. The course examines how markets function, how prices are determined, and how government policies can influence economic activity. Overall, it provides a framework for understanding the choices that shape everyday economic interactions and the efficiency of resource allocation in society.