Evaluating the gains and Losses from Government Policies--Consumer and Producer Surplus ■ Review Consumer surplus is the total benefit or value that consumers receive beyond what they pay for the good Producer surplus is the total benefit or revenue that producers receive beyond what it cost to produce a good Chapter Slide 4Chapter 9 Slide 4 Evaluating the Gains and Losses from Government Policies--Consumer and Producer Surplus ◼ Review ⚫ Consumer surplus is the total benefit or value that consumers receive beyond what they pay for the good. ⚫ Producer surplus is the total benefit or revenue that producers receive beyond what it cost to produce a good