Select the correct answer. Daniel is collecting stamps. His grandmother gave him 24 stamps to start with. Every week, Daniel's collection increases by 8 stamps. Let y represent the total number of stamps Daniel has after x weeks. Which type of sequence does the situation represent? The situation represents an arithmetic sequence because the successive y-values have a common difference of 8. The situation represents a geometric sequence because the successive y-values have a common ratio of 8. The situation represents a geometric sequence because the successive y-values have a common ratio of 24. The situation represents an arithmetic sequence because the successive y-values have a common difference of 24.