Suppose Quantity Supplied Increases from 16 to 24 Units

question 51

Multiple Choice

Suppose quantity supplied increases from 16 to 24 units. Using the mid-point formula, what is the percentage change in quantity supplied?

• A) −40 percent
• B) 0.4 percent
• C) 4 percent
• D) 40 percent

---

Definitions:

Legends of Mount Shigi

Traditional tales or myths associated with Mount Shigi, often involving historical or mythical figures, events, and supernatural elements.

Night Attack on the Sanjo Palace

A famous scene depicted in Japanese art that portrays a dramatic 12th-century battle at the Sanjo Palace.

Loanable Funds

The funds available for borrowing in the financial markets, coming from savings and investments, used for loans.

Closed Economy

An economic system that does not engage in international trade, relying solely on its own internal markets.