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

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