he demand curve for product X is given by QXd = 420 − 4PX. a. Find the inverse demand curve.   Instruction: Enter all values as integers, or if needed, as a decimal. PX =  −  QXd 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 = $25? $  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.

The demand curve for product X is given by Q_X^d = 420 − 4P_X.

a. Find the inverse demand curve.

Instruction: Enter all values as integers, or if needed, as a decimal.

P_X =  −  Q_X^d

Instructions: Enter your responses to the nearest penny (two decimal places).

b. How much consumer surplus do consumers receive when P_x = $50?

$ 

c. How much consumer surplus do consumers receive when P_x = $25?

$ 

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.