Instructions:

Im testing something, no one has to answer to this.

1) The price elasticity of demand for trips abroad is:

Response options group

Unitary

Elastic

Inelastic

Perfectly inelastic

2) The sum of the surpluses of each of the different consumers represents the surplus of the ________________.

Response options group

demand market

total market of a group of consumers

market demand for a group of consumers

total market

3) The price elasticity of supply is a ____________ measure of the change in quantities supplied when the prices of goods change.

Response options group

sensitivity

change

insensitivity

decrease