An economist was quoted as saying that the cost of living index (COL) will go up next month because a recent increase in the price of fruits and vegetables. Which of the following cannot be inferred from the statement?

A not significantly decreased in price.

B Consumers have decreased their consumption of fruits and vegetables.

C The cost of fruits and vegetables is a major item in the COL

D Other items that make up the COL have not significantly decreased in price.

Solution

Correct Answer: Option B

Solution

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