year,the Parker family used to eat at nice restaurants almost four times a week.Even though Mr.Parker received a 5 percent raise,the cost of living rose by 7 percent.As a result,the family now eats most of their meals at home,dining out only four times a month.This reflects

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The increase in the cost of living and the relatively small raise in income led the Parker family to tighten their budget by reducing their dining out expenses. This suggests a reaction to a loss of discretionary income, as they have less money available to spend on non-essential items such as restaurant meals.

Year,the Parker Family Used to Eat at Nice Restaurants Almost