Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement | consumer surplus | producer surplus | neithera. even though i was willing to pay up to $67 for a used textbook, i bought a used textbook for only $58. b. i sold a jersey sweater for $31, even though i was willing to go as low as $24 in order to sell it. c. i sold a used laptop for $200 on ebay last week. this week, someone offered me $34 for it.

(A) Consumer Surplus:  Even though I was willing to pay up to $67 for a used textbook, I bought a used textbook for only $58.

It paid less than we was willing to.

(B) Producer Surplus:  I sold a jersey sweater for $31, even though I was willing to go as low as $24 in order to sell it.

It receive more than their minimun sales price.

(C) Neither: The offer from the third party wasn't accepted. Also we have no information about how much was the seller willing to accept for the laptop

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.