What Happens to the Level of Consumer Surplus as the Price of a Good Rises

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Question

The demand curve for product X is given by Qx = 200 – Px.

  1. How much consumer surplus do consumers receive when Px = 20
  2. How much consumer surplus do consumers receive when Px = 30
  3. In general, what happens to the level of consumer surplus as the price of a good rises?

 

Summary: This question belongs to economics and discusses about demand curve for a product and to calculate consumers surplus.

Answer is image format

 

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