Suppose that you typically purchase 12 salads, four pizzas, four steaks, and five pies. Last year, each salad was $7.99, each pizza was $10, each steak was $15, and each pie was $6. This year, you purchase the same basket, but each salad costs $8.49, each pizza costs $11, each steak is $14, and each pie is $6.
(a) What was the cost of the basket last year?
(b) What is the cost of the basket this year?
(c) What is the rate of inflation or deflation from last year to this year?

Question

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The Answer of Suppose that you typically purchase 12 salads, four pizzas, four steaks, and five pies. Last year, each salad was $7.99, each pizza was $10, each steak was $15, and each pie was $6. This year, you purchase the same basket, but each salad costs $8.49, each pizza costs $11, each steak is $14, and each pie is $6.
(a) What was the cost of the basket last year?
(b) What is the cost of the basket this year?
(c) What is the rate of inflation or deflation from last year to this year?

Suppose That You Typically Purchase 12 Salads, Four Pizzas, Four