Assume that the market for Good X is defined as follows: Q D = 64 - 16P and Q S = 16P. What is the producer surplus in this market?

Assume that the market for Good X is defined as follows: QD = 64 - 16P and QS = 16P. What is the producer surplus in this market?

We don't have enough information to determine producer surplus.

$24

$64

$32

$2

64-16P =16P    I can solve for P and get $2 equilibrium price and I can solve for equilibrium quantity at 32 units but I can not figure out how to get the height and base numbers to plug into the formula for the area of the triangle to solve for producer surplus