Last year,the Parker family used to eat at nice restaurants almost four times a week.Even though Mr.Parker received a 2 percent pay raise,the cost of living rose by 4 percent and property taxes went up 5% in their community.As a result,the family now eats most of their meals at home,dining out only a few times a month.This reflects

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The increase in the cost of living and property taxes offset the 2 percent pay raise, resulting in a loss of discretionary income. The family can no longer afford to eat out as often as they used to, hence their decision to eat most of their meals at home.

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