Question: Attempts Average / 1 1 . Welfare analysis: Basic concepts Identify whether each of the following statements best illustrates the concept of consumer surplus, producer

Attempts Average /1
1. Welfare analysis: Basic concepts
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.
Statement
Even though I was willing to pay as much as \(\$ 191\) for a polaroid camera, I bought a polaroid camera for just \$186.
I sold a swimsuit for \(\$ 58\), even though I was willing to accept as little as \(\$ 53\) in exchange for it.
Even though I would have paid up to \(\$ 65\) for a used record and despite the fact that the seller was willing to go as low as \(\$ 61\) in order to sell it, we couldn't agree to a deal because the government instituted a price ceiling of \(\$ 56\) on all sales of records.
Attempts Average / 1 1 . Welfare analysis: Basic

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