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Calculate the change in albert consumer surplus

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Reference no: EM131405277

The formula for Albert's demand curve for music downloads is

M = 300 - 60PM,

whereMis the number of downloads andPMis the price of a download. Suppose the price of a music download falls from $1.50 to $1.00. Using the method described in Section 6.1, calculate the change in Albert's consumer surplus.

Reference no: EM131405277

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