1/The exchange value of a product defines its a. funds b. price c, worth d. value 2/ Price elasticity of demand is a. How sensitive profits are to changes in market price b. The extent to which the product is available for purchase on the internet c. How sensitive quantity demanded is to changes in market price d. The proportion of one's budget spent on the product e. Both a and c are correct 3/The United States-Mexico-Canada Agreement (USMCA; formerly known as the North American Free a. a. Trade Agreement, or NAFTA) is a trade accord that removes trade barriers among: b. Countries in Western hemisphere and North, Central, and South America c. Canada, Mexico, and the United States d. The United States, Dominican Republic, and Central American nations e. The United States and the European Union