Determining consumers' and producers' surplus Identify whether each statement in the following table best illustrates the concept of consumers' surplus, producers' surplus, or neither. Statement Even though I was willing to pay up to $291 for a cell phone, I bought a one for only $283. Even though I was willing to pay up to $376 for a used football jersey, and even though the seller was willing to go as low as $369 in order to sell it, we couldn't reach a deal because the government imposed a price ceiling of $361 on the sale of jerseys. I sold a used smart watch for $370, even though I was willing to go as low as $362 in order to sell it. Consumers' Surplus Producers' Surplus Neither