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

question 9

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, 2, & 3.