The demand curve for productXis given by Q_X^d= 300 -2P_X.

a. Find the inverse demand curve.

Instruction:Enter all values as integers, or if needed, a decimal rounded to one decimal place.

P_X=-Q_X^d

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

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

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

The level of consumer surplus

(Click to select)

increases

doesn't change

decreases

as the price of a good falls.