Using the method described in section 62 calculate the, Econometrics

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Using the method described in section 62 calculate the

The formula for Albert's demand curve for music downloads is M = 150 - 60P_M, where M is the number of downloads and P_M is the price of a download. Suppose the price of a music download falls from $2 to $1. Using the method described in Section 6.2, calculate the change in Albert's consumer surplus.

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Econometrics: Using the method described in section 62 calculate the

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