The demand curve for product X is given by Qxd = 300 – 5Px. a. Find the inverse demand curve.b. How much consumer surplus do consumers receive when Px = $40?c. How much consumer surplus do consumers receive when Px = $20?d. In general, what happens to the level of consumer surplus as the price of a good falls?

The demand curve for product X is given by Qxd = 300 – 5Px.
a. Find the inverse demand curve.b. How much consumer surplus do consumers receive when Px = $40?c. How much consumer surplus do consumers receive when Px = $20?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.