Business, 09.02.2021 01:00, sierracupcake0220

The demand curve for product X is given by QXd = 300 - 2PX. a. Find the inverse demand curve. Instruction: Enter all values as integers, or if needed, a decimal rounded to one decimal place. PX = - QXd

b. How much consumer surplus do consumers receive when Px = $45?

c. How much consumer surplus do consumers receive when Px = $30?

d. In general, what happens to the level of consumer surplus as the price of a good falls? The level of consumer surplus as the price of a good falls.

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The demand curve for product X is given by QXd = 300 - 2PX. a. Find the inverse demand curve. Instr...