Revel inc., a cell phone manufacturer, decides to launch its new range of smartphones on the company's official web site so that its logistics issues can be solved. with this modification, its customers can now buy the smartphones even if they are not sold in any of the stores in their locality. in this case, revel inc. focuses on the element of the marketing mix. a. distribution b. promotion c. price d. evaluation

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.