# What is the inverse demand function and consumer surplus?

The demand curve for product X is given by Qdx = 460 - Px

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 goods falls?

https://brainmass.com/economics/demand-supply/inverse-demand-function-consumer-surplus-229433

#### Solution Preview

Solution:

The demand curve for product X is given by Qdx = 460 - Px

a) Find the inverse demand curve?

Qdx=460-Px

Adding Px both sides, we get

Qdx+Px=460

Adding -Qdx both sides, we get

Px=460-Qdx

Inverse demand curve ...

#### Solution Summary

This solution describes the steps for detemining inverse demand function and consumer surplus.

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