Match the Definition
Consumer Surplus
Producer Surplus
The difference between the amount that buyers would be willing and able to pay for a good and the actual amount the buyer pays
The difference between the minimum amount that producers would be willing sell their products for and the actual amount they receive (decrease, increase) in the market price results in an increase in consumer surplus and a decrease in producer surplus. (decrease, increase) in the market price results in an increase in producer surplus and a decrease in consumer surplus.