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Managerial Economics & Business Strategy

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January 12th, 2018

Managerial Economics & Business StrategyThe demand curve for product X is given by Qx=200-4Px?a. Find the inverse demand curveb. How much consumer surplus do consumers receive when Px=$20?c. How much consumer do consumers receive when Px=$30?d. In general, what happens to the level of consumer surplus as the prices of a good rises?

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