Maya purchases only three products; orange juice, prepared meals, and on-demand episodes of her favorite shows. Each
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Question:
Maya purchases only three products; orange juice, prepared meals, and on-demand episodes of her favorite shows. Each week she purchases 2 bottles of orange juice, 14 prepared meals, and 8 on-demand episodes. The prices of bottles of orange juice, prepared meals, and on-demand episodes for four different years are shown in the table below.
Year | Price of Orange Juice | Price of Prepared Meals | Price of On-Demand Episodes |
1 | $2 | $6 | $10 |
2 | $6 | $5 | $12 |
3 | $4 | $7 | $13 |
4 | $4 | $8 | $11 |
Based on this information, which of the following statements is true?
Multiple Choice
- Because the price of one of the goods has gone down each year, the cost of Maya’s purchases has gone down each year.
- There has been inflation in every year.
- The cost of Maya’s purchases increased in Year 2 and Year 3, but decreased in Year 4.
- Inflation means that all prices have gone up, so there is no inflation in any year.
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