Question

Refer to the table above. Which of the following scenarios is consistent with this statement? "The rate of inflation was 23.75 percent for 2011." A. The price of a hot dog was $2.44 rather than $3.30 in 2010, with other prices in the table remaining fixed. B. The price of a hot dog was $4.22 rather than $3.63 in 2011, with other prices in the table remaining fixed. C. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed. D. The price of a hamburger was $6.60 rather than $5.61 in 2011, with other prices in the table remaining fixed

Answer 1

Answer:

C. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.

Explanation:

The given table shows the inflation rates and price movement over the years. The hamburger had inflation effect and its price increased by almost $1. The price change will create burden on the consumer and they will have to pay for inflation differential.