The formula for Albert's demand curve for music downloads is M = 150 - 60PM, where M

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The formula for Albert's demand curve for music downloads is M = 150 - 60PM, where M is the number of downloads and PM is the price of a download. Suppose the price of a music download falls from $2 to $1. Using the method described in Section 6.1, calculate the change in Albert's consumer surplus.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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