Business, 18.09.2021 23:00 annabel11

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement; Consumer Surplus; Producer Surplus; Neither. 1. Even though I was willing to pay up to $62 for a used textbook, I bought a used textbook for only $57.
a. consumer surplus
b. producer surplus
c. neither
2. I sold a jersey sweater for $29, even though I was willing to go as low as $23 in order to sell it.
a. consumer surplus
b. producer surplus
c. neither
3. I sold a used laptop for $130 on eBay last week. This week, someone offered me $33 for it.
a. consumer surplus
b. producer surplus
c. neither

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