Problem 02-05 (alga) The demand curve for product Xis given by Qxd = 500 - SPX. a. Find the inverse demand curve. Instruction: Enter all values as integers, or if needed, as a decimal. _ d Px E - E 0): Instructions: Enter your responses to the nearest penny (two decimal places}. b. How much consumer surplus do consumers receive when PX = $50? $: 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 ofa good falls? The level of consumer surplus increases v as the price of a good falls