Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit, then the total value a consumer receives from consuming the equilibrium quantity is

Under the Bretton Woods system established after WWII,

A. each countries currency was backed by gold B. exchange rates between countries floated C. exchange rates were fixed and only the dollar was convertible into gold D. gold had no role

Which of the following causes an increase in demand for a normal good?

A) increase in the price of a substitute B) increase in the price of a complement C) decrease in price D) decrease in income