Evaluating the Gains and Losses from Government Policies--Consumer and Producer Surplus a To determine the welfare effect of a governmental policy we can measure the gain or loss in consumer and producer surplus a Welfare Effects o Gains and losses caused b y government intervention in the market Chapter Slide 6Chapter 9 Slide 6 ◼ To determine the welfare effect of a governmental policy we can measure the gain or loss in consumer and producer surplus. ◼ Welfare Effects ⚫ Gains and losses caused by government intervention in the market. Evaluating the Gains and Losses from Government Policies--Consumer and Producer Surplus