A Certain Recipe Calls For $\frac { 1 } { 8 }$

question 42

Multiple Choice

A certain recipe calls for $\frac { 1 } { 8 }$ cup of sugar. To make one-half of the recipe, how much sugar is needed?

• A) \(\frac { 1 } { 16 }\) cup
• B) \(\frac { 2 } { 8 }\) cup
• C) \(\frac { 1 } { 32 }\) cup
• D) none of these

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level at a given moment.

Free Market

An economic system where prices are determined by unrestricted competition between privately owned businesses.

Housing

The physical dwellings or accommodations in which people reside, including various forms such as apartments, houses, and other residential structures.