In 1983, a microwave oven cost $78.75. Today, a microwave oven costs $92.66. If the CPI is 177, what is the relation of the actual price of a microwave oven to the expected price, to the nearest cent? a. The actual price is $46.73 lower than the expected price. b. The actual price is $5.59 lower than the expected price. C. The actual price is $13.91 higher than the expected price. d. The actual price is $71.35 higher than the expected price.
