An Individual's Consumer Surplus from Some Product Can Be Eliminated

question 118

Multiple Choice

An individual's consumer surplus from some product can be eliminated entirely by: 1.raising the price until very few units are bought.
2.charging a price for each unit that is equal to the individual's marginal value for each unit.
3.raising the price until zero units are purchased.

• A)1 only
• B)2 only
• C)3 only
• D)2 or 3
• E)1 or 2,but not 3.

---

Definitions:

Withdraw Money

involves removing cash from a bank account, either through an ATM, bank teller, or other banking procedures.

Pegboard

A board, typically perforated with a grid of holes, used for organizing tools or for games, by fitting pegs or hooks into the holes.

Carbon Strip

A narrow band of carbon material used in various applications, including electrical and thermal conductivity enhancements.

Ledger Card

A physical or digital record used to track financial transactions.