Question: The demand curve for product X is given by Qdx = 460 = 4Px. a. Find the inverse demand curve. b. How much consumer surplus

The demand curve for product X is given by Qdx = 460 = 4Px.
a. Find the inverse demand curve.
b. How much consumer surplus do consumers receive when Px = $35?
c. How much consumer surplus do consumers receive when Px = $25?
d. In general, what happens to the level of consumer surplus as the price of a good falls?

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