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