Given the demand curve p = 38-q2 and the supply curve p=6+ q2, find the producer surplus when the market is in equilibrium. Round your answer to 3 decimal places. Part 1 The producer surplus is the total amount gained by producers by selling at the current price, rather than the price they would have been willing to accept. It is the area between the supply curve and the horizontal line p. To begin our problem we need to find the equilibrium price p and quantity q'. In equilibrium, supply = demand. So we have to solve the equation for q. This will give us the value for q". O q = 4 38-q2=6+q2