Concept:The number of subsets of a set with n elements is given by 2n.Explanation:The set P has elements m,n,o,p.So, the number of elements is n=4.Using the formula, number of subsets =24.24=2×2×2×2=16.Thus, the set P has 16 subsets.Answer:The number of subsets of P is 16.So, the correct option is D. 16.