The demand curve for product x is given by qxd

The demand curve for product X is given by Qxd = 300 – 5Px.

a. Find the inverse demand curve.
b. How much consumer surplus do consumers receive when Px = $40?
c. How much consumer surplus do consumers receive when Px = $20?
d. In general, what happens to the level of consumer surplus as the price of a good falls?

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The level of consumer surplus as the price of a good falls.