1. Welfare analysis: Basic concepts Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement Consumer Surplus Producer Surplus Neither Even though I was willing to pay as much as $188 for a polaroid camera, I bought a polaroid camera for just $178. I sold a used record for $28 on OfferUp last week. The next day, someone messaged me offering $58 for it. I sold a swimsuit for $61, even though I was willing to accept as little as $52 in exchange for it