Consumers And Producers Surplus

Question 0

2 definitions of producers surplus (extra profit)?

Answer 0

The difference between what the producers are willing to charge and the market price.
OR
The area above the supply curve and under the equilibrium price.

Question 1

2 definitions of consumers surplus?

Answer 1

The difference between what the consumers are willing to pay and the market price.
OR
The area under the demand curve and above the equilibrium price.