If 51% of All Goods in the Consumer Price Index

Multiple Choice

If 51% of all goods in the consumer price index (CPI) became more expensive and 49% became cheaper:

A) inflation would certainly occur.
B) deflation would most likely occur.
C) inflation or deflation could occur, depending on the weight of these goods in the basket of goods and the actual percent changes.
D) deflation would certainly occur if the price of housing was one of the goods that fell.
E) inflation would occur if the goods whose prices increased did so by the same percentage as the goods whose prices decreased.