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 Yesterday I paid $53 for a crew neck. Today, the same store is selling crew necks for $44. Even though I was willing to pay as much as $70 for a swimsuit, I bought a swimsuit for just $62. I sold a used record for $43, even though I was willing to accept as little as $35 in exchange for it