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The demand curve for product X is given by QXd = 300 - 2PX

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The demand curve for product X is given by QXd = 300 - 2PX.

a. Find the inverse demand curve. PX = - QXd Instructions: Round your answer to the nearest penny (2 decimal places).

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?

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