Back to Assignment Attempts Do No Harm/3 1. Welfare analysis: Basic concepts Identify whether each of the following statements best Mustrates the concept of consumer surplus, producer surplus, or neither Consumer Surplus Producer Surplus Neither Statement Even though I was willing to pay up to $67 for a watch, I bought a watch for only $59. I sold a used textbook for $43, even though I was willing to go as low as $36 in order to sell it. Even though I was willing to pay up to $51 for a jersey sweater and even though the seller was willing to go as low as $45 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of sweaters Grade R Now Save & Continue Continue without saving