The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2008, pizzas cost $10 each, jeans cost $40 per pair, and milk cost $3 per gallon. In 2009, the price of pizzas went down to $8 each, while the prices of jeans and milk remained the same. Between 2008 and 2009, a typical family's cost of living:

A. remained the same.
B. increased by 4.5 percent.
C. decreased by 4.5 percent.
D. decreased by 20 percent.


Answer: C

Economics

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