Business, 23.10.2019 23:00, meg7211

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.

(a) i sold a used laptop for $189, even though i was willing to go as low as $180 in order to sell it.
(b) i sold a watch for $54 on ebay last week. this week, someone offered me $189 for it.
(c) even though i was willing to pay up to $47 for a jersey sweater, i bought a jersey sweater for only $40.

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Identify whether each of the following statements best illustrates the concept of consumer surplus,...