Suppose a Decrease in Price Increases Quantity Demanded from 8

question 68

Multiple Choice

Suppose a decrease in price increases quantity demanded from 8 to 12 units. Using the mid-point formula, what is the percentage change in quantity demanded?

• A) 0.1 = 10 percent
• B) 40 = 400 percent
• C) 0.40 = 40 percent
• D) −0.40 = −40 percent

---

Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another party, often found in relationships involving trust, such as between a trustee and beneficiary.

Employer-Employee Relationship

A legal relationship characterized by the employer's right to control the work performed by the employee.

Habitual Negligence

The consistent failure to exercise the care or to perform duties in a manner expected of a reasonably prudent person under similar circumstances.

Unsafe Work Environment

A working condition where there is a high risk of injury or health problems for employees.